Balance Shortfall

Balance Shortfall Insurance

Due to depreciation, the value of your vehicle can be lower than the amount you owe on it and if the unexpected was to happen, you or your family may consider selling your vehicle, but you will most likely still have to make up the deficiency and if you and your family still need the vehicle, keeping up with the monthly payments could be a major hardship. With the Balance Shortfall insurance you can choose to keep your vehicle and either have 50% of your balance shortfall paid, or have monthly payments made on your behalf, or you may choose to return your vehicle to the dealership and have the balance shortfall paid in full.