Shortfall Policy - Audi South Africa Audi


Audi Financial Services

The National Credit Act (NCA) summarized

Fixed payment

Eleven month payment

Residual value option

Balloon Payment

Shortfall policy

Debt protection

Comprehensive insurance

Courtesy car

Warranty cover

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The Shortfall Policy plan is an innovative addition to your Vehicle Insurance Policy, covering the shortfall between your insurance payout and the amount owing on your finance agreement.

Benefits of Extended Vehicle Insurance:

  • No credit shortfall.
  • The settlement balance less the amount paid by the underlying insurer
    - less excess exceeding R3000.00.

Violation of underlying policy conditions.

  • This protects the customer in the event of total loss, for example: write-off due to accident or theft.
  • Protects the customer should he/she inadvertently fail to meet conditions of their insurance policy such as:
    • Lodging claims within the prescribed time.
    • Ensuring the premiums are up to date.
    • Deposit Protector.

Audi Financial Services – a division of Wesbank