Depreciation Protection*
Driving down the road in your recently purchased vehicle, you probably aren’t thinking about a potential accident waiting to happen. But accidents do happen. So safeguard your investment, trade value, and down payment you made with Depreciation Protection. In the event of a total loss, Depreciation Protection could secure the equity you’ve already built into your loan. In other words, in the event of a total loss, it may waive some of your loan balance. The benefit is equal to the difference between your vehicle’s MSRP or retail value at the time of your Depreciation Protection purchase, minus the amount of your loan balance at the time of total loss.*
New or used, depreciation affects nearly every vehicle on the road. So protect your investment with Depreciation Protection today.
Key Features
- Collision protection
- Life-of-loan protection
- No mileage or year restrictions
- Protection from theft and fire
- 100% open enrollment
- Protection for vehicle depreciation
Ideal for those that:
- Financed 90% loan-to-value or less
- Put money down
- Traded in a vehicle
- Made accelerated loan payments
- Want to protect your equity
*Depreciation Protection provides a waiver benefit equal to the difference the vehicle value at the time of purchase less the loan balance at the time of loss up to a maximum waiver benefit of $10,000 or the outstanding loan balance.