WALKAWAY - Negative Equity Explained

Includes new and used automobiles and light duty trucks.

Overview

12-Month Complimentary

12-Month Basic with
Payment Relief X 2

Full-Term Basic

Full-Term Standard

Full-Term Standard with
Payment Relief X 4 or 6

Standard CreditLine with
Payment Relief

Full-Term Estate

Full-Term Elite with
Payment Relief X 8

Negative Equity Explained

Negative Equity Explained

Regardless of the brand, it's a fact of life - vehicles depreciate. Having negative equity simply means you owe more money on your vehicle lease or loan than it's worth.

For example, you may have $25,000 worth of payments to make on a vehicle that is worth $20,000. This means you have $5,000 of negative equity. It also means if an unforeseen circumstance like job loss, disability or a critical illness makes it impractical to keep the vehicle, you would be responsible for paying the $5,000 you owe out of pocket to get out of the obligation.

Now you can buy with the confidence and flexibility of WALKAWAY Protection. If life doesn't unfold as planned, WALKAWAY lets you seek relief from your payments temporarily, or return your vehicle and walk away from the negative equity and the financial obligation for good.