WALKAWAY™ has cancelled over $80 Million in Canadian automotive debt, protecting Canadians from financial shortfalls and unexpected circumstances.
Help through the unexpected.
While most plans provide coverage for only one or two life events, WALKAWAY covers many, including loss of employment.
Loss of driver’s licence (age & medical)
International job transfer
Critical illness requiring hospitalization
Death due to critical illness
Why do you need it?
Unless you have a substantial down payment or equivalent valued trade-in, your car loan or lease is always greater than the value of your vehicle throughout most of your term. This can leave you vulnerable should you hit an unexpected rough patch and no longer be able to make your payments.
WALKAWAY covers the difference between your car’s value and what you owe the financial institution – up to $25,000. It lets you ‘walk away’ without any impact to your savings or credit rating.