Hayden Auto Now Offers Smart, Responsible Debt Protection with WALKAWAY.
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By John Hayden
What is dept protection?
Debt protection cancels your car debt or makes payments when you can’t. Should you suffer any of life’s misfortunes such as being disabled, ill, job loss, self-employed bankruptcy, accidental death, or international job transfer we will help you return your car and exit your car loan. This means covering the difference between what you owe and what your car is worth, or make your car payments for you until you’re back on your feet.
How does it work?
You buy a car from Hayden Auto.
With a purchase of any vehicle through us, you get one year of complimentary WALKAWAY coverage. Within 10 days of purchasing your car you can choose to extend your coverage for the full term with more benefits.
Something unexpected happens.
You become ill, get into an accident which leaves you unable to work, become unemployed or have another life-altering event and can no longer pay your loan or lease payments on your car loan.
You return your car without penalty.
Depending on your coverage†, you can:
Return your car without penalty or damaging your credit rating.
Keep your car while WALKAWAY covers your payments.
†Coverage ranges from $7,500 to $25,000.
Why 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.