Price of Vehicle (MSRP/Retail)
Purchased at dealership $30,000
6 Months$30,000
1 Year $30,000
3 Years $30,000
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
how it works...
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
