If there’s one thing you can be certain of, it’s that the “new normal” is filled with uncertainty. Jobs that once seemed rock solid may be just a pandemic away from being furloughed.
Even if you have a few months of reserve funds saved up, you’ll no doubt want to conserve as much of your cash as possible. With the PaymentShield program, in the unfortunate event that you lose your job due to covered circumstances, you will receive reimbursement for all loan or lease payments made for up to six months. *
PaymentShield is available for new vehicles that are leased or purchased, as well as for loans on used vehicles.
*Subject to maximum benefit per terms of contract.
HOW IT WORKS
PaymentShield is a benefit provided by your selling dealer. When you purchase a vehicle from a participating dealer, you are automatically eligible for a predetermined maximum total PaymentShield benefit.
For example, assuming a maximum total benefit of $2,500:
Note that you must be current on your payments and provide proof of payment(s) made to be eligible for reimbursement. Some additional restrictions will apply, and proof of employment at time of vehicle lease/purchase, as well as proof of job loss, are required.