Depreciation Protection

Depreciation Protection: What is it?

Depreciation Protection Waiver (DPW) helps protect your vehicle equity if your vehicle is ever totaled or stolen and not recovered at any point during the life of the loan. In the event of a total loss, it may waive some or all of the remaining loan balance and may help you to recover a portion of the money you put down on your vehicle.

When a vehicle is totaled, DPW provides waiver benefits equal to the difference between the vehicle's value at the time of purchase and the loan balance at the time of loss, up to $10,000, or the outstanding loan balance.

Benefits of Protection:

• Protection for collision
• Life-of-loan Protection
• No mileage or year restrictions
• Protection for theft and fire
• Coverage can be purchased at anytime 
• Protection for vehicle depreciation

Ideal for Those Who:

• Finance 80% LTV* or less
• Put money down or receive a rebate 
• Have equity from a trade in vehicle 
• Make accelerated loan payments
• Need to protect equity