Prepare for emergencies
Achieve peace of mind
Top up your coverage
Keep the financial investment you’ve made safe with our Vehicle Protection Plan.
Vehicle Protection Plan
Gap protection
If your vehicle is written off, this protection bridges the financial “gap” between the payout by your insurance company and the balance owing on your lease or loan up to $100,000. Plus, CWB National Leasing agrees to waive your deductible as stated in your primary insurance policy, subject to a maximum of $5,000.
Down payment protection
For the first two years after financing your vehicle, you may recover up to $30,000 towards the financing of a replacement vehicle, making for a sizeable next down payment. Think of it like keeping your business’s nest egg safe in case of emergency.
Downtime protection
Accident Downtime
While any Class 8 truck is repaired due to a collision or fire, get reimbursed up to $12,000 per claim up to a maximum of $25,000.
Mechanical Downtime
While any Class 8 truck is repaired due to power train, transmission or drive train breakdown, get reimbursed up to $12,000 per claim up to a maximum of $25,000.
Downtime protection is not available in Quebec.
Choose one or choose them all
If you are considering a new lease or loan, make sure you add-on the Vehicle Protection Plan to keep your finances safe. Ask us how to select the right combination of vehicle protection for you. Available on all eligible trucks and trailers with a VIN at time of purchase.
Still not convinced?
Check out Debunking the 3 biggest myths of truck and trailer protection or consider this scenario:
Your equipment purchase is $220,000. Your down payment is $20,000, and you finance the rest. Your finance contract begins with a balance of $226,440. After 12 months, your equipment is a total loss due to an accident.
| $181,000 | Balance owing on financing at time of total loss | |
| - | $153,000 | Primary Insurer's settlement |
| + | $5,000 | Primary Insurer's Deductible |
| = | $33,000 | Your out-of-pocket loss (does not include $20,000 down payment) |
With Gap and Down Payment protection, CWB National Leasing will waive the balance owing on your account, as well as credit your deductible (up to $5,000) and your initial $20,000 down payment (if the write-off occurs in the first two years) to help you purchase or lease a new unit.