Vehicle Equity Insurance Gap

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Vehicle Equity Insurance is designed to help you pay off your loan and meet other costs associated with a total loss (write- off) of your vehicle.

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Brian O'Connor
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Michael Brown
"Massive thank you to Nathan at HLS for making my car purchase a seamless and positive experience. Your professionalism and great customer service was greatly appreciated. Highly recommend!"
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Julie Orriss
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Joel Newman
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Jonathan Mcginty
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Will Keogh
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Frank Rho
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Shortfall benefit

If your vehicle is a total loss and you receive a comprehensive insurance payout that is less than the amount owing on your loan, we will pay your Shortfall Benefit. This will also cover any loan discharge fees, and early termination fees to ensure you’re not out of pocket.

How it works

Loan Amount
You borrow money to buy a new car
Accident
Your car is declared a total loss
Insured Value
Comprehensive insurance pays out the insured value of your vehicle
Shortfall
VEI helps cover any gap between the loan amount and the insured vehicle value

Shortfall benefit

We will also pay you a lump sum Replacement Benefit to help meet expenses associated with the replacement of your vehicle. We will not require proof of these expenses which can include:

Registration fees for new vehicle purchase
Stamp duty and dealer delivery fee on new car
New comprehensive vehicle insurance premium
Excess charged on your comprehensive insurance claim

There are 3 cover levels available, a level will be offered to you based on your loan and your vehicle.

cover option 1
cover option 2
cover option 3
Replacement benefit
$5,000
$4,000
$3,000
Max shortfall benefit
$20,000
$15,000
$7,500
Max we will ever pay
$30,000
$23,000
$13,500
It is always a good idea to consider the Product Disclosure Document from the product issuer to ensure that the chosen policy is right for you.
Thank you Nathan, never thought getting loan would be that easy. Very responsive, helpful and guided me through all process very easily. Thank you so much for helping me to get me my dream bike. I would recommend everyone to try Nathan and I guarantee he will not disappoint. Lots of love❤️ & best wishes 🙏
Sanjay
Robert Barrett

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We understand that buying a car is a big investment. That is why we work hard to get you the best possible deal on your loan. And when it comes to getting a great deal on a car loan, Perth-based customers know they can rely on us. We work with a panel of 30+ lenders to get you the best possible finance option for your needs. Plus, we have a network of car dealers and car locators that can help you find the right vehicle at the right price.

Whether it's for financing multiple vehicles or your first car, we can help you get behind the wheel. We've been helping Perth-based customers access car loans at the lowest possible rates for over ten years, and we would be happy to do the same for you.

Meet Nathan. He'll find the right lender for you.

Nathan has 10 years experience as a finance broker, helping his customers to find the right deal.

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So if you're looking for a car loan broker in Perth who will always have your best interests at heart, look no further than Hanna Lending.

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