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Introducing Depreciation Protection
Total loss occurrences are at a record high. New or used, depreciation impacts nearly every vehicle on the road today. Developed with the consumer in mind, Depreciation Protection Waiver (DPW) revolutionizes the Total Loss Protection market and provides a new benefit to help protect the “equity” in the auto loan, compared to the “negative equity” protected by Guaranteed Asset Protection (GAP). For the first time ever, we have a solution to help protect the invested equity and hedge against the negative impact of depreciation upon total loss.
Benefits of Protection
- Protection for collision or comprehensive total loss, including theft
- Multiple levels of protection
- No mileage or year restrictions
- Online enrollment for immediate coverage
- 100% refundable for 60-days
- Accidental Death protection included. Provides for cancellation of up to $1,000 of your outstanding loan balance if you die in an accident
Ideal for Those Who:
- Finance 100% or less
- Put money down
- Make accelerated loan payments
- Desire protection from vehicle depreciation
- Desire peace of mind knowing the money invested in a vehicle is protected from total loss
Watch our 90-second video to see how we can protect you upon total loss
Get Protected
Select your maximum benefit and term of coverage below to pick the coverage that’s right for you.
Depreciation Protection Plan
See How We Can Protect The Positive Equity In Your
Depreciation Protection kicks in if a vehicle is ever totaled or stolen and not recovered over the term of the coverage. It waives some or all of the loan balance in the event of the total loss of the vehicle. The waiver benefit is equal to the difference between the vehicle’s MSRP or retail value at the time of DPW purchase, less the amount of the loan balance at the time of total loss (not to exceed the lesser of the DPW addendum limit or the outstanding loan balance at the time of loss)
Select your maximum benefit and term of coverage below to pick the coverage that's right for you.
Initial Waiver Benefit Today: $8,000
| Loan Term | Original MSRP or Retail Value | Outstanding Loan Balance | Depreciation Protection Waiver Amount |
|---|---|---|---|
| 3 months | |||
| 6 months | |||
| 12 months | |||
| 18 months | |||
| 24 months | |||
| 30 months | |||
| 36 months |
This chart is an approximation and should be used for illustrative purposes only. It may not reflect the actual interest method used by Lender or any additions to the loan after inception date, including late charges, fees, missed payments or anything that will slow down the amortization of the loan. Your purchase of the Depreciation Protection Waiver is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with Lender.