PAYMENT WAIVER - PEACE OF MIND WHEN YOU NEED IT MOST
Unemployment is a key concern for most individuals when considering whether or not to take on an additional financial commitment.
AutoBank offers you additional peace of mind and security as all our finance contracts now include a feature called Payment Waiver.
Payment Waiver means if you are made redundant through no fault of your own* we will waive up to 6 monthly instalments which you will never have to repay! Should you still be unemployed due to involuntary redundancy after we have waived your 6 monthly instalments, you will have the option to hand your vehicle back and walk away from your agreement without any further financial liability (excess mileage or damage charges may apply).
*Payment Waiver will not be available if your finance agreement is in arrears, or if you have not been in continuous employment for at least 6 months prior to the redundancy. It excludes arrears, excess mileage and damage charges.