12 Months Job Loss Protection
WHAT IS IT?
FCA Automotive Services will guarantee a borrower that in the event of losing their job, through no fault of their own, or if they are off-work due to certified illness, the borrower’s scheduled car finance repayments will be Waived, i.e. paid by FCA AS on their behalf, until they return to work or up to 7 months of monthly instalments. This is applicable to all PCP, HP and PCH. New Vehicle Promotional products only.
“12 MONTHS JOB LOSS PROTECTION” IS:
- Part of the loan and loan agreement – NOT a separate insurance product
- Provided as part of our promo product range at no additional cost to the customer
- Remains in place solely for the first year of the finance agreement, or ceases earlier if the borrower closes their finance agreement
- Governed as part of CCA, and The Financial Conduct Authority’s Conduct of Business rules.
- Product not available in conjunction with the £500 Voucher Campaign and Leasys Miles
- A dedicated section will be available in Genus to select this option
- Please refer to the FCAAS/Leasys circular for full information