KTAC after Payoff Question

[TGKY]

I paid off my L4701 and I'm planning to continue the KTAC. I did want to confirm somthing on the wording though- I know the fee is per year, but will I have the option to continue it for just 1 year and then no longer- or- as long as I pay their yearly rate- I can continue the coverage?

thanks in advance.

 

[JasonW]

When I sold my L3800 to my dad, he continued the KTAC. It’s a yearly rate, it will continue as long as you keep paying it.

 

[Daferris]

Just a reminder the KTAC coverage is not full replacement coverage after the loan is paid off.

 

[JasonW]

Just a reminder the KTAC coverage is not full replacement coverage after the loan is paid off.

Yes good point. When I sold mine to my dad the local dealer advised to keep the loan until the maturity date, due to the KTAC. Also had a 0% interest rate.