VWFS Shortfall Plus - The Ultimate Financial Safety net

When investing in a vehicle, ensuring you are financially protected in the event of unforeseen circumstances is crucial. Volkswagen Financial Services South Africa (Pty) Ltd (“VWFS”) Shortfall Plus policy is designed to cover the difference between your comprehensive insurance payout and the outstanding balance on your finance agreement if your vehicle is written off or stolen and not recovered. Here’s why choosing Shortfall Plus is a smart decision for Volkswagen vehicle owners.

Why Shortfall Plus?

Depreciation Protection

Vehicles depreciate over time and a comprehensive insurance policy typically covers only the market value of your car at the time of loss. This can leave you with a significant financial gap if the outstanding loan amount is higher than your car's current value. Shortfall Plus steps in to cover this shortfall, ensuring you don’t have to finance the difference out of pocket.

Policy Benefits

1. Shortfall Cover

- If your car is a total loss due to theft, hijacking, or accidental damage and the outstanding loan balance exceeds your car’s value at the time of loss, Shortfall Plus covers the difference.

2. Bodyline Maintenance Cover (Optional)

- This optional benefit provides coverage for minor damages such as dents or scratches, helping to keep your car in pristine condition.

3. Loyalty Bonus

- In the unfortunate event that your car is stolen and not recovered or is damaged beyond economical repair, Shortfall Plus offers a loyalty bonus. You will receive a fixed amount of R10,000 towards purchasing a new Volkswagen if you replace your car within three months from an approved Volkswagen dealer.

The Bottom Line

VWFS Shortfall Plus is more than just an insurance policy; it’s a comprehensive financial safety net for your Volkswagen. Investing in Shortfall Plus means peace of mind, knowing that in the event of a total loss, you can focus on getting back on the road in a new Volkswagen without the financial worry of covering a shortfall. Choose VWFS Shortfall Plus for complete protection and confidence in your vehicle investment.

Volkswagen Financial Services South Africa (Pty) Ltd is an Authorised Financial Services (FSP No.44827) and Registered Credit Provider (NCRCP: 6635).