Ensuring your vehicle loan is paid in a timely fashion allows you to maintain your impeccable credit rating. In the unexpected event of: accident, illness, or death you and your loved ones become liable for any late or insolvent amounts owed against your vehicle loan.
Subaru of Cranbrook, paired with MDA Services has affordable peace of mind to protect you and your co-buyer's credit from being jeopardized. In the event of you or your co-buyer passing, estate and credit protection will provide timely loan payout to your loved ones. This keeps your vehicle as an asset rather than a liability to your estate.
Should the loan be paid out in sooner than its term, MDA Services will determine the residual value of the refund back to the policy holder. In the event of a lease situation, the remaining lease obligation including any buy out is paid in full to the estate.
Revolving Credit, Lines of Credit, Installment Credit are many ways to take advantage of opportunities that fit your lifestyle and needs. These forms of credit can also be dangerous to your credit rating when your situation changes unexpectedly.
Subaru of Cranbrook paired with MDA Services has credit protection coverage that will provide you piece of mind from the unforeseen. If you become ill, MDA Insurance will take over your payments for as long as you are ill or until the vehicle loan has been paid in full. This coverage is non-taxable, no re payments are necessary. There are no limitations to the number of claims during the loan amortization, pre-existing conditions are excluded with credit protection coverage.