What
is involuntary unemployment insurance?
This is
peace of mind for our customers. If a vehicle is financed at our dealership,
you will be given a guarantee that if you lose your job, your car payment will
be made for up to 6 months at up to $600 per month.
How
much does this program cost?
This
program is provided to you at absolutely no cost!
How
do I know if I qualify for the program?
Every
customers who finances a car is qualified as long they are not self-employed,
employed part-time (less than 30 hours per week), or an independent contractor.
(For additional information see dealer)
When does the program
begin?
The coverage starts from the effective
date of your vehicle loan and lasts for 12 months.
What
vehicles does the program apply to?
The program applies to all
vehicles? new, used, and leased, as long as the vehicle is financed at the
dealership.
Does
the program cover taxes and fees on finance payments?
Absolutely, the payment
will make your entire car payment for you each month you qualify for up to 6
months at up to a maximum of $600 per month.
How
long do I have to be employed/unemployed for to receive benefits?
To receive benefits, you
must have been employed at your current job for 90 days, and you must be
unemployed for 30 days to make a claim.
Is
this program transferable?
No, it cannot be
transferred. However, if you finance another vehicle you will have coverage on
it as well, and if you trade into another financed vehicle it will be covered
also, at no cost to you.
