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Len Hunt, Group Director, Automotive, Al-Futtaim, said the move was aimed at providing a confidence boost for those currently delaying a vehicle purchase due to job security concerns.
Al-Futtaim Automotive represents Toyota, Honda, Volvo, Chrysler, Jeep, Dodge and Automall — the group’s pre-owned car division.
The exclusive free redundancy cover, a first in the UAE, gives Al-Futtaim customers the reassurance of a payout of 15 per cent of the invoice value of the vehicle purchased in the unfortunate event of them losing their job involuntarily, Hunt said.
“The customer is free to use this payout as they wish. For example, if the vehicle was purchased on finance, the payout can be used to continue to make their monthly payments while they find new employment,” he said.
Hunt said a research had shown that there were still a significant number of customers who want to take advantage of strong offers but were holding off purchasing due to concerns about their job security.
“We decided to launch this free redundancy insurance product, which is provided by our in-house Arab Orient Insurance Company to give these customers the ability to buy one of our cars with added confidence.”
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