Walk Away Insurance?

Hello everyone.  Well shit went down at my job. I was doing great for 8 years but decided to try a new role which did not work out for me and I was let go.  I should have stayed where I was.  Well lesson learned I guess.

Losing my job leaves me with a 2014 GT500 draining my remaining finances. Since my career of choice tends to be rather unstable at times, so I bought the GT500 with this possibility in mind.  I purchased what they called "Walk Away Insurance." I'm rather upset to be losing my Shelby but now that I have a need for the policy I've looked into the details.

First you need to prove two things.  One is that you were let go.  So a you must provide your exit paperwork.  The second is to prove you were let go legitimately and therefore are eligible for unemployment.  I suppose this shows that you lost your job for work reasons rather than for streaking naked or something that wouldn't allow you to qualify for unemployment.  Basically that you didn't so something on purpose to lose your job or get out of your car loan.

What my particular policy does is make your car payments for 12 months without affecting your credit score.  So far I'm unclear if this needs paid back.  One would assume no since it's insurance.  If after 12 months you still do not have a job then they take the vehicle, also without affecting your credit score.

On the one hand I'm a little relieved because I may possibly be able to save it once I find new employment however I'm thinking I should perhaps just sell the car.  This gets rid of my payment and takes it off my car insurance lowering that as well.  Also if my next job is outside of Canada which it easily could be I can't take the car with me anyway.

If you are living in Ontario and are interested in a low miles GT500 please leave a message below this post.

I Purchased a 2017 Focus RS......I think.

Last week I decided to trade in my '07 Hummer H3 for something a little better as a daily driver.  The less practical genes in me made the decision to get a Focus RS.  So I went down to a local dealer to see what they'd give me for the H3.

I wanted to get $8000 for the Hummer but due to an exhaust leak it had at the manifold they said they could only give me $5000.  I agreed however and said I wanted wanted the RS in Stealth Gray, they only had access to the blue.  I'm a little past the "boy racer" age so I passed and decided to look at other dealerships.

Calling a dealership in Barrie they said they could definitely get me gray.  I went to see them and they also determined the same trade price for the Hummer, oh well.  They also didn't have a Stealth Gray on the lot however they said they can get it and we signed the papers.

Now trying to be a clever person I had kept my insurance policy in the States when I moved to Canada.  At the time not only was this a cheaper rate but Allstate US and Allstate Canada don't talk to each other so when I would get speeding tickets in Canada my US insurance would never hear about it.  It was perfect.  They even allowed me to put my Shelby on the policy which was a Canadian car registered in Ontario.  I'm not exactly sure how they did that but I was cool with it.  But all good things must come to an end and when I asked to add the Focus to the policy as well it seems I "shook the monkey tree." They started asking why I was getting the car, how long was I going to be staying in Canada, where was my US residence in the States?  The jig was up and they dumped me.  So I needed to find insurance in Canada.  Fortunately my girlfriend's insurance had added me as a secondary driver so it wasn't hard to get my own policy but poking into my record of tickets getting a good rate could be a challenge.  Currently they are still investigating and haven't come to a decision.  If I can't get proof of insurance I can't pickup the RS.

In the meantime the dealer kind of sold me a car that didn't exist.  I don't think they did it in purpose but while they were selling the me Stealth Gray RS the dealer that actually had it was also selling it.  So the bill of sale was written up on a car that was sold to someone else.  Not they need to find me another gray RS if they can.

So right now I'm waiting to hear if I have insurance and also if I even have a car.  Maybe I should have gone with the VW Golf R like I had originally thought.