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Depreciation Protection

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Depreciation Protection Waiver

Depreciation Protection kicks in if your vehicle is ever totaled or stolen and not recovered at any time over the life of the loan. IT waives some or all of your loan balance in the event of the total loss of your vehicle. The waiver benefit is equal to the difference between your vehicle's MSRP or retail value at the time of DPW purchase, less the amount of your loan balance at the time of the total loss. 


Who Can Benefit from Depreciation Protection Waiver?

Depreciation Waiver Protection is ideal for those who:

  • Put money down on the purchase of their auto or have equity in their vehicle.
  • Make accelerated payments. 
  • Desire peace of mind knowing the money invested in their vehicle is protected. 

Benefits of Depreciation Protection Waiver:

  • Benefit triggered by collision or comprehensive total loss, including theft
  • Life of loan protection
  • No restrictions on mileage, make or year
  • Open enrollment
  • 100% refundable in the first 60-days
  • Accidental Death protection is included, which provides for the cancellation of up to $1,000 of your outstanding loan balance if you die in an accident

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