12 Month Job Loss Protection
Giving customers the confidence and protection when purchasing a new car at PDH Motor Group in Sussex.
What is job loss protection?
It’s an uncertain time for many and that’s why we are offering 12 month job loss protection across the range of Fiat, Abarth, Alfa Romeo and Jeep, purchased between 1st June to 30th September 2020.
Should your employment circumstances change within the first 12 months of your finance agreement, from losing your job or being off work due to certified illness, then your scheduled car payments will be waived until you return to work, for up to seven months of instalments (paid by FCA on your behalf).
The 12 month job loss protection is valid for the first year of the finance agreement, or until you close your finance agreement if this takes place within the first year.
Features & Benefits:
- Provided as part of your finance agreement, completely free of charge
- Valid for the first year of your car finance package
- Peace of mind that your monthly car repayments will be covered should you lose your job, meaning reduced financial pressure while searching for new employment
- Accidental death, accident and sickness cover are also included, covering up to 7 monthly payments
How do I qualify for job loss protection?
We know that during this time unemployment is a real concern for many customers when considering a long-term financial commitment. The 12 month job loss protection 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 seven months or until you’re re-employed or return to work, whichever occurs earlier.
In either event, to qualify you must be off work 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.