Walkaway Insurance Feature

WALKAWAY - EARLY VEHICLE RETURN AND PAYMENT RELIEF

If you’re like most people, you’re grateful for the wheel, but not the financial commitment that comes with it. After all, things change. Shouldn’t your loan or lease obligations be able to change too? 

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 financial obligation for good. In most cases, the difference between the balance owing and the residual value of your vehicle will be fully covered. Your AADA Lease Specialist will provide you with more details.

Choose the coverage that's right for you

WALKAWAY lets you return your vehicle under several life circumstances and cancel up to $7,500, 10,000 or $20,000 in vehicle-related debt depending on coverage selected. 

WALKAWAY has a variety of programs suited to all walks of life. Use the coverage grid below to choose what's right for you. Columns in green represent Basic coverage with a $7,500 benefit, blue is Standard coverage at a $10,000 benefit and purple is Elite coverage with a $20,000 benefit. Each of the three categories offer the flexibility to vehicle return your vehicle or keep your vehicle (with the payment relief option), if your circumstances change. 

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* Includes coverage for up to two (2) 30-day payment periods
** Includes coverage for up to two (2) or three (3) 60-day lump sum payments
† Includes coverage for up to four (4) 60-day lump sum payments
†† Due to age or medical impairment

This represents a summary of coverages and does not form a part of the certificate of insurance.
Employment related coverages (excluding disability) begin on the 91st day. Please consult your certificate of insurance for complete detail.

 

Protecting Your Savings, Cash Flow and Credit Rating

WALKAWAY has allowed customers of Authorized Retailers to walk away from over $54,838,255.70 of vehicle loan and lease obligations since inception in January of 2000.