WALKAWAY In The News
Auto lenders take part in new Walkaway program
fox6now.com
Many people would probably love to buy a new car or motorcycle, but they're afraid they might lost their job. What if the dealer understood that, and gave you permission to walk away from the loans in the future?
Some automobile, motorcycle, and recreational vehicle dealerships are expected to get a little busier soon. Despite an economy that has consumers feeling uncertain about big purchases. Lenders are partnering with dealerships like Amato to offer the Walkaway program.
Amato Finance Manager Lisa Hughes says, "A lot of dealers should be able to sell more cars. The customers will be comforted knowing that they have no worries."
The Walkaway program gives consumers of participating dealerships 12-months protection so they can walk away from their contract if faced with one of six life altering events, including involuntary unemployment, inability to drive because of medical impairment, physical disability, an international employment transfer, self-employed personal bankruptcy, or an accidental death. The consumer can return to vehicle with no impact to their credit rating.
Potential buyer Vanessa Hetchler is eying a Harley and likes the walkaway concept. She says, "I think it's a good idea, because there are a lot of unexpected things in life and a lot of people like to ride."
You can also purchase protection updates that cover the entire term of the loan. Normally starting at $379, but for a limited time House of Harley is even forgoing that.
The walkaway program covers vehicles, regardless of their make, model, miles, or age.
About WALKAWAY USA, LLC
WALKAWAY USA, LLC (www.walkawayusa.com) is a division of EFG
Companies (www.efgcompanies.com), an industry leader in providing
innovative performance management solutions and technologies to the
retail auto industry. WALKAWAY USA markets and administers WALKAWAY®
Protection for Automotive Financing. WALKAWAY is the First and Only
Vehicle Return Program™ that protects consumers from financial
shortfalls arising from the depreciation of new and used vehicles
(negative equity).
Marketing Contact
Laura Krone
EFG Companies
(972) 445-8341
Media Contact
Beverly Taylor
FOX6 Reporter
5:13 p.m. CDT, October 28, 2010
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