Vehicle Return Program - Walkaway for Auto Dealers | EFG Companies
 
 
 

WALKAWAY® for Auto Dealers

A Vehicle Return Program for the Real World

There’s no denying the economic realities that many customers face today. Consumer debt is at an all-time high. Negative equity is rampant. Downsizing is a fact of life. And health issues and expenses are constant concerns for an aging population. WALKAWAY acknowledges these realities, providing participating auto dealers with a proactive way to:

  • Manage risk by adopting a strategy that decreases repossessions and collection costs
  • Strengthen margins and profitability by enhancing loan volumes and offering upsell products
  • Differentiate your offerings, thereby retaining and attracting new customers
  • Close more sales by increasing peace of mind among your prospects
  • Enhance customer satisfaction without increasing dealer risk
  • Preserve customer’s credit for future purchases from your dealership
  • Increase customer satisfaction and drive repeat business

Strong demand

According to recent market research, 63 percent of respondents admitted they are not confident about their job security — and 100 percent said the availability of a vehicle return program would have a significant impact on where they choose to finance their next vehicle. WALKAWAY provides the critical backup plan consumers are looking for.

At your dealership, protection comes standard

When a covered life event like job loss or physical disability occurs, WALKAWAY gives your customers the option to return their vehicles and simply walk away — with no negative impact to their credit. WALKAWAY protects your valuable customer relationships and positions you as an ally when vehicle return is the only option.

WALKAWAY for Auto Customers

Covered Circumstances

Complimentary $7,500

Standard With Payment Relief $7,500

Standard $7,500

Standard With Payment Relief $7,500

Elite $15,000

Elite With Payment Relief $15,000

Freedom to Return Your Vehicle

Involuntary Unemployment

Physical Disability

Loss of Driver's License

International Employment Transfer

Self-Employed Personal Bankruptcy

Accidental Death

Temporary Job Loss

         

Mental Disability

         

Critical Illness

         

Death Due to Critical Illness

         

Freedom to Keep Your Vehicle

Payment Relief — Involuntary Unemployment

  2 Months*   3 Months*   6 Months**

Payment Relief — Physical Disability

  2 Months*   3 Months*   6 Months**

Payment Relief — Mental Disability

          6 Months**

Additional Program Features

Rollover Deficiency Protection on Loan/Lease

No Age Limit

No Health Questions

No Employment Questions

* Includes coverage for one 90-day period
** Includes coverage for two 90-day periods
This represents a summary of coverage and is not a contract or part of the WALKAWAY agreement. Coverage may vary by state.
Please consult the waiver or policy for complete details.

Learn more about WALKAWAY for auto dealers. »

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