depreciation protection

protect the equity of your vehicle

what is depreciation protection?

Depreciation Protection (DPW) protects your vehicle equity and hedges against depreciation over the life of the loan. In the event of a total loss, DPW provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of loss up to a maximum waiver benefit of $10,0001,2, 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
  • 100% open enrollment
  • Protection for vehicle depreciation

ideal for those who:

  • Finance 90% LTV or less
  • Put money down
  • Trade in a vehicle
  • Make accelerated loan payments
  • Need to protect equity

comparison chart

Purchased at dealership
6 Months
1 Year
3 Years

how it works...

Price of Vehicle (MSRP/Retail)
Purchased at dealership $30,000
6 Months$30,000
1 Year $30,000
3 Years $30,000
Outstanding Loan Balance
Purchased at dealership $28,500
6 Months$26,681
1 Year $24,469
3 Years $15,282
Depreciation Protection Waiver Beneft At Total Loss
Purchased at dealership $1,500
6 Months$3,319
1 Year $5,531
3 Years $10,0001,2

ready to get started?

[1] Maximum Waiver Benefit can vary depending on level of protection selected and/or offered. Please reference the waiver addendum for specifics regarding maximum waiver amounts.

[2] $10,000 Waiver Benefit applies here because waiver amount will not exceed the lesser of the maximum amount listed in the waiver addendum or outstanding loan balance at total loss. Loan Amortization Used in Example: 2.99% APR, 72-month

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