Our 12 month job loss protection offer is a guarantee to our customers that, in the event of losing your job within 12 months of purchasing your New Abarth or being off work due to certified illness, your scheduled car finance payments will be waived (paid by us on your behalf) until you return to work, or for up to seven months of installments.
This protection is provided as part of the loan agreement, not as a separate insurance product, and comes at no additional cost to you, the customer.
It is valid solely for the first year of the finance agreement, or until you close your finance agreement if this takes place within the first year.
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We know that unemployment is a concern for many when considering a long-term financial commitment, especially during this time.
Our payment waiver covers you if you are made redundant through no fault of your own or off work due to long-term sickness: the loan repayments can be waived for up to 7 months or until you’re re-employed or return to work, whichever occurs earlier.
To qualify, you must be off work for either event for at least 30 days before the benefit can commence.
With the exception of the initial month of enrolment, all waiver payments will be backdated to begin from the date they became necessary e.g. the day you were made redundant.