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- Credit Unions
- Finance Companies
- Auto Dealers
Offer your borrowers with low loan-to-value ratios an alternative to GAP. Depreciation protection offers coverage that is valuable for your consumers, as well as your business. The faster borrowers pay off their loans, the more they benefit, which could result in lower default rates within your auto loan portfolio.
If a covered vehicle is totaled or stolen and not recovered, this solution provides the borrower with a benefit equal to the MSRP or retail value established at enrollment less the amount of the loan balance at time of total loss up to a $10,000 benefit.
Offer Your Consumers More Value
Your organization can bundle additional consumer benefits with this program, including auto deductible reimbursement, identity theft services and a platform for storing warranty information, creating even more incentive for potential borrowers to choose you for their lending needs.