Involuntarily retrenchment is a possibility and can leave you with insufficient funds to make your payments. Retrenchment Cover will ease your concerns by paying your monthly vehicle instalments.
The Audi Retrenchment Policy takes care of your monthly vehicle instalments if you are involuntarily retrenched.
Our Retrenchment Policy will cover your monthly car payment for a maximum period of six months after you are involuntarily retrenched (for the first time). And it’ll pay another three months’ worth of instalments if you are involuntarily retrenched for a second time. The policy covers a maximum of nine months.
The policy benefits stop as soon as you become employed again, or when you have reached the nine month limit.
1. Audi Financial Services Retrenchment Cover is provided by Volkswagen Financial Services South Africa (Pty)Ltd(Reg. No. 2013/133698/07),(Vat No. 4760263576), an authorised Financial Services Provider (FSP: 44827) and Credit Provider (NCRCP No: 6635), and underwritten by The Hollard Insurance Company Limited, an authorised financial services provider(FSP:17697), (Reg. No. 1952/003004/06).
2. Please note that this is not the policy wording. Please read the policy wording for the full benefits as well as the comprehensive terms and conditions of this cover.