When your vehicle is a total write-off and your balance on your vehicle loan is more than what your vehicle is worth, Negative Equity Privilege can step in to help out. By providing an in-store loyalty discount†† for the difference between your insurer settlement amount and the remaining loan balance, this program can help you replace your Volkswagen.
2a. Total Loss Event Privilege
Sometimes, you just have to let go. Your insurer would call this a total loss of your vehicle, from such things as collision, fire or theft. In such a scenario, your insurer will quite often only pay the fair market value of your vehicle. With Total Loss Event Privilege, you’re eligible for a fixed in-store loyalty discount†† towards a replacement vehicle which helps offset some of the added cost of getting that new set of wheels.
2b. Partial Loss Event Privilege
In case your last fender-bender resulted in a damage record on your vehicle’s history report, a damage declaration could reduce the resale value of your vehicle. That’s why having a Partial Loss Event Privilege can be so beneficial. When it’s time to purchase or lease a new vehicle, it provides an in-store loyalty discount†† to help you make up for the loss in resale value.
3. Theft Event Privilege
With Theft Event Privilege, in the event your vehicle is stolen and not recovered, you are eligible for a fixed in-store loyalty discount †† towards a replacement vehicle.
Benefits
- Payable in affordable monthly installments
- 60-day money back guarantee
†† Subject to certain conditions and/or restrictions. See authorized Volkswagen Dealers for complete details.
The information provided for the Vehicle Loss Privilege Program is only a summary of certain terms and conditions. Refer to actual contract or contact an authorized Volkswagen Dealers for complete details of coverage exclusions. May not be available in all Provinces or Territories and specific provisions may vary by Province or Territory. ® Volkswagen AG.
* Vehicle Loss Privilege Program is not available to residents of Quebec and British Columbia.