Interested in purchasing a new vehicle, but worried about the threat of downsizing? We’ve got you covered!
MAS offers a complimentary protection plan that automatically takes over vehicle payments for anyone facing an Involuntary Separation/ Downsizing during the term of the finance contract. This plan will cover payments up to $500 per month for up to 12 months, or a maximum of $6,000.
If you’re granted Emergency Leave, we’ll send you a check equivalent to your monthly car payment, up to $500. The total amount of Emergency Leave claims shall not exceed $1,000.
Payment Protection Plan Q & A:
How can I get the Payment Protection Plan?
Purchase a new vehicle through Military AutoSource, and finance it through M&T Bank.
How do I sign up?
You are automatically entitled to this protection when you finance your vehicle through M&T Bank.
What does the program cost me?
Absolutely nothing. The Payment Protection Plan is included with your purchase when you finance your vehicle through M&T Bank.
How do I receive payments if I need them?
Simply notify us and we’ll mail you a Claims Kit. The kit contains instructions and the appropriate forms for you to complete and return to us to initiate your payments.
When do I start receiving payments?
Your initial payment will be made on the first payment date following thirty days after your Involuntary Separation or downsizing. You must then send us, on a monthly basis, an affidavit certifying that you are still unemployed. Emergency Leave payment will be forwarded to you as soon as a copy of your orders is received.
Do I have to pay back the money paid out to me?
No, as long as you comply fully with the terms and conditions of the program.
For a complete description of this program, please see any Military AutoSource representative. This is a limited time offer and may be withdrawn at any time.
Phone: 800-323-4291 (USA) or 516-921-2800