Choose the coverage that's right for you

12 Month   |   Full Term   |   Full Term with Payment Relief   |   Full Term $15,000   |   Full Term $15,000 with Payment Relief

WALKAWAY lets you return your vehicle under several life changing circumstances... and allows you to walk away from up to $15,000 in vehicle-related debt depending on coverage selected.

12 Month

A 12-month WALKAWAY Complimentary Program is offered to anyone who finances or leases a new or used vehicle through an Authorized WALKAWAY Retailer.

Provides up to $7,500 of coverage for financial shortfalls should any of the following life changing circumstances arise:

Involuntary Unemployment (permanent release from your full-time job)
Physical Disability (unable to perform the duties of your own full-time job for a period of 60 days)
Loss of Driver's License (due to medical impairment)
International Employment Transfer (permanent transfer outside the US for 24 months or longer)
Self-Employed Personal Bankruptcy (your sole income is derived from being self-employed)
Accidental Death

Other program features and benefits:

• Covers previous loan or lease deficiencies up to the contract or agreement limits
• No limit on amount financed
• No age limit
• No health questions
• No employment questions

Full Term

Anyone may upgrade Complimentary coverage to WALKAWAY Full Term for up to 84 months of worry-free financing (maximum amount financed of $75,000) covering negative equity up to $7,500.

Covered circumstances remain the same:

• Involuntary Unemployment
• Physical Disability
• Loss of Driver’s License due to Medical Impairment
• International Employment Transfer
• Self-Employed Personal Bankruptcy
• Accidental Death

Full Term with Payment Relief

Anyone may upgrade Complimentary coverage to WALKAWAY Full Term with 3-Month Payment Relief, covering negative equity up to $7,500.

WALKAWAY provides all the coverage of the WALKAWAY Full Term PLUS:

• 3 months of Payment Relief – provides a one-time 90-day benefit in the event of Involuntary Unemployment or Physical Disability

Consumers who utilize their payment relief benefit still retain the privilege of returning their vehicle if they experience another qualifying event.

Payment Relief:

WALKAWAY Full Term with 3-month Payment Relief pays directly to your lender a lump sum equal to 90 days of loan or lease payments in the event of physical disability or involuntary unemployment. This payment is NOT pro-rated and never has to be re-paid even if you regain health and/or return to work inside the 90-day period. Vehicle return privileges remain in effect for all covered events, including the one that triggered the lump sum payment.

Full Term up to $15,000

Anyone may upgrade Complimentary coverage to WALKAWAY Full Term $15,000.

WALKAWAY provides up to $15,000 of negative equity coverage for up to 84 months (maximum amount financed of up to $75,000) and all the coverage of the WALKAWAY Full Term PLUS additional coverage for:

• Temporary Job Loss
• Mental Disability
• Critical Illness
• Death due to Critical Illness

Full Term up to $15,000 with Payment Relief

Anyone may upgrade Complimentary coverage to WALKAWAY Full Term up to $15,000 with 6-Month Payment Relief.

WALKAWAY provides up to $15,000 of negative equity coverage for up to 84 months (maximum amount financed of up to $75,000) and all the coverage of the WALKAWAY Full Term PLUS additional coverage for:

6 months of Payment Relief – provides two 90-day benefits in the event of:

• Involuntary Unemployment
• Physical or Mental Disability

Payment Relief:

WALKAWAY Full Term up to $15,000 with 6-month Payment Relief pays directly to your lender a payment relief benefit equal to 2 x 90 days of loan or lease payments in the event of involuntary unemployment, temporary job loss, physical or mental disability. This payment is NOT pro-rated and never has to be re-paid even if you regain health and/or return to work inside either 90 day period. Vehicle return privileges remain in effect for all covered events, including the one that triggered the payment relief benefit.

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FAQ

Health Related
Note: "Good health" statements are not required for coverage.

Q: I’m 72 and have a heart condition. Do I qualify for WALKAWAY Protection?
A: YES. Everyone qualifies regardless of previous age and previous health conditions.

Q: My diabetes puts me at risk of losing my vision and therefore my license too. Does WALKAWAY cover me?
A: YES. You would be covered due to loss of driver’s license regardless of your pre-existing diabetes.

Q: I need a hip replacement and am awaiting surgery. Would I be covered for disability if I’m off work due to the surgery?
A: YES. WALKAWAY does cover time off of work for physical disability.

Employment Related
Note: Unemployment benefits are available on the 91st day of coverage following the effective date.

Q: If my employer transfers me to Mexico, would this be considered an “international transfer” for benefits purposes?
A: YES. Any country, other than the United States is considered “international” for benefits purposes.

Q: Can I walk away under the “involuntary unemployment” benefit, if I quit or resign from my job?
A: NO. WALKAWAY only covers events that are beyond your control. Your employer must terminate you from your position in order for you to qualify for benefits.

Q: I’m in the military. If I am not deployed, but I am assigned to a post outside of the US for the next 2.5 years, could I still qualify for the international employment transfer benefits?
A: YES. As long as you are not deployed and are assigned outside the U.S. for more than 24 months, you may still qualify for benefits.

Credit Related

Q: My wife and I share a car. Can we request a benefit if one of us loses our job, even if the other one remains employed?
A: There can only be one protected person under each WALKAWAY agreement or contract. For both spouses to be eligible for benefits, each must hold their own WALKAWAY agreement or contract and both be named on the loan or lease.

Q: Will returning a car, thanks to a payable WALKAWAY benefit , damage my credit rating?
A: NO. The return of vehicles under WALKAWAY is not a credit default. It merely represents your exercise of your privileges under the program. As a result, WALKAWAY protects both your credit rating AND your savings.

Q: If my son is listed as co-buyer on my contract, can he receive the complimentary coverage or agreement/contract?
A: YES. If you choose not to upgrade to your son, but elect enhanced coverage to cover yourself, he may be listed on the complimentary coverage. No more than 1 complimentary agreement or contract may be written per loan or lease contract.

Q: Is returning a vehicle due to a qualifying WALKAWAY benefit considered a voluntary repossession?
A: NO. The return of a vehicle resulting from a paid benefit is considered an early pay-out of your loan or lease. It’s not considered a voluntary repossession and doesn’t adversely impact a consumer’s credit rating in any way. HOWEVER, RETURNING YOUR VEHICLE PRIOR TO BENEFIT APPROVAL WILL BE CONSIDERED A VOLUNTARY REPOSSESSION BY YOUR LENDER AND CAN IMPACT YOUR CREDIT SCORE NEGATIVELY.

Vehicle Related

Q: Am I responsible to maintain full coverage insurance before returning the vehicle?
A: YES. You must maintain full coverage insurance before returning the vehicle.

Q: Will cosmetic customizations made to my car impact its value?
A: In some cases, customizations such as specialized paint, customized wheels, and suspension can reduce resale value. Other changes, on the other hand, may not impact the value of your vehicle and therefore would have no impact on your benefit.

Benefit Processing

Q: How long does it take to complete a request for benefits?
A: On average, benefits have been paid within 35 calendar days from the date the request is first submitted. Prompt submission of your qualifying documentation is essential for timely processing.

Q: Can I continue to drive my car while my request is being processed?
A: YES. Your car and related financial obligations remain yours until your benefit is approved. Once approved, a WALKAWAY benefit consultant will give you instructions for returning your vehicle.

Q: There is no equity in my car because I financed my taxes and put no money down. What if the benefit amount isn’t enough?
A: In the case of more expensive vehicles, custom items or the financing of taxes and extras, the benefit amount may not be enough to cover the financing shortfall, should you elect to return your vehicle. In this case, you would be required to make up the balance with your own funds. You may wish to choose an enhanced WALKAWAY coverage, which covers financing shortfalls for additional amounts.

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Choosing enhanced WALKAWAY coverage can reduce the likelihood of a financial shortfall.

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