Deposit Protect
Deposit Protect
Deposit reimbursement in the event vehicle is declared a total loss.
Deposit Protect will reimburse the customer for their original down payment, including trade equity, in the event their vehicle is declared a total loss. The customer must return to a participating dealer in order for the benefit to be applied to their next vehicle purchase and the benefit cannot exceed the agreement holder’s original down payment.
- $1,000 minimum benefit regardless of initial down payment.
- Trade equity and rebates qualify as part of total benefit.
TERMS – 1 – 8 years
ELIGIBILITY – Vehicles current plus 15 model years old are eligible for coverage.
LIMIT OF LIABILITY – $10,000 max benefit or actual down payment amount, whichever is less. Minimum $1,000 benefit for down payments less
than $1,000.
DEDUCTIBLE – No deductible.