NEGATIVE EQUITY PRIVILEGE
NEGATIVE EQUITY PRIVILEGE
Should your vehicle be declared a total loss from collision, fire or theft, your insurer may only pay the fair market value of your vehicle. This puts you at risk for negative equity.
If you find yourself in this situation, we’re here to assist you.
With Negative Equity Privilege, we’ll bridge the difference between your vehicle value and your remaining loan balance with an in-store loyalty credit towards a replacement vehicle.*
FOR EXAMPLE:ǂ
Outstanding loan balance |
$63,000 |
Vehicle value |
$56,000 |
*In-store loyalty credit |
$7,000 |
Negative Equity Privilege is available on all makes and models within six model years and must be purchased within seven days of the purchase date of your vehicle.
Contact your local Jaguar Authorized Retailer to find out more about the new Jaguar Protection Program.
*Vehicle repair costs can vary based upon many factors. The values listed are for informational purposes only and may not represent your repair costs.
ǂProduct summaries are for informational purposes. Actual terms and conditions govern coverage.