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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, a $5,000 reimbursement on your deductible is also included with Gap protection. 

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.

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)

Graph showing loss

With Gap and Down Payment protection, 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.

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