Total loss occurrences are at a record high. New or used, depreciation impacts nearly every vehicle on the road today. Developed with the consumer in mind, Depreciation Protection Waiver (DPW) revolutionizes the Total Loss Protection market and provides a new benefit to help protect the “equity” in the auto loan, compared to the “negative equity” protected by Guaranteed Asset Protection (GAP). For the first time ever, we have a solution to help protect the invested equity and hedge against the negative impact of depreciation upon total loss.
Benefits of Protection
Protection for collision or comprehensive total loss, including theft
Hedges against the negative impact of vehicle depreciation
Life of loan and term-based protections available
No mileage or year restrictions
100% Open Enrollment
Fully Refundable and Non-Refundable options available
$1,000 Accidental Death and Dismemberment (AD&D) benefit included (Financial Institution Program only)
See How We Can Protect The Positive Equity In Your
Depreciation Protection kicks in if a vehicle is ever totaled or stolen and not recovered over the term of the coverage. It waives some or all of the loan balance in the event of the total loss of the vehicle. The waiver benefit is equal to the difference between the vehicle’s MSRP or retail value at the time of DPW purchase, less the amount of the loan balance at the time of total loss (not to exceed the lesser of the DPW addendum limit or the outstanding loan balance at the time of loss)
mo.
Initial Waiver Benefit Today: $8,000
Loan Term
Original MSRP or Retail Value
Outstanding Loan Balance
Depreciation Protection Waiver Amount
3 months
6 months
12 months
18 months
24 months
30 months
36 months
This chart is an approximation and should be used for illustrative purposes only. It may not reflect the actual interest method used by Lender or any additions to the loan after inception date, including late charges, fees, missed payments or anything that will slow down the amortization of the loan. Your purchase of the Depreciation Protection Waiver is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with Lender.
Your purchase of Depreciation Protection Waiver Addendum (DPW) is optional.
Whether or not you purchase DPW will not affect your application for credit or the terms of any existing credit agreement you have with the Financial Institution.
Depending on State and/or Federal Regulation, You may have the option to purchase DPW that includes a refund of the unearned portion of the fee if you terminate the contract or prepay the loan in full prior to the scheduled termination date. Prices of refundable and non-refundable products may differ.
You may cancel DPW at any time during the first 60 days for a full refund. If the DPW fee was added to your Installment Loan, any refundable portion will be applied to the principal balance of your Installment Loan. If you purchase the refundable product and provide notice of cancellation more than 60 days following the effective date, the fee will be refunded ProRata.
We will give you additional information at the time you pay for DPW. This information will include a copy of the Waiver Addendum containing the full terms of the Depreciation Protection Waiver Addendum.
There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under DPW. You should carefully read the Depreciation Protection Waiver Addendum for a full explanation of the terms and conditions of the program.
ELECTRONIC SIGNATURE AND TERMS AND CONDITIONS AGREEMENT - IMPORTANT: PLEASE READ THIS ENTIRE AGREEMENT CAREFULLY
You must agree to this Electronic Signature and Terms and Conditions of this Depreciation Protection Waiver Addendum ("Waiver Addendum") in order to enter into this debt cancellation transaction on this Website ("Site"). Please read this Agreement carefully. By using this Site you acknowledge that you have read, understand, and agree to be legally bound by this Agreement. You will be asked to confirm your acceptance of this Agreement by clicking "Accept Terms and Conditions" on the Site.
1. Disclosures & Consent to Electronic Signature
A. By entering this Site and agreeing to be bound by this Agreement, you are providing your affirmative consent to the use of an electronic signature to authenticate the purchase of the Waiver Addendum in electronic form. You understand and agree that Depreciation Protection Inc. (DP, Inc.) will rely on your electronic signature to process and affect this transaction.
B. When you have successfully entered your enrollment and payment information and have clicked “I Agree”, to the Electronic Signature and Terms and Conditions of the Waiver Addendum, you have the opportunity to review and print a copy of your Waiver Addendum free of charge. Please print a paper copy of your Waiver Addendum because you will not be able to access your enrollment information on the Site after your enrollment. Upon successful payment authorization, you will be sent a DocuSign confirmation email that contains copy of your Waiver Addendum. If you wish to confirm or make changes to your coverage after your enrollment, you must contact Depreciation Protection, Inc.
C. You may withdraw your consent to the use of your electronic signature by writing to Depreciation Protection, Inc. at 2955 Exchange Place Blvd, STE 102 Miamisburg, OH or by calling us at (877) 298-1075. Email: info@depreciationprotection.com
D. You agree that your electronic signature authorizes Depreciation Protection, Inc. or its authorized representatives to process this Waiver Addendum transaction in conjunction with your loan at your request, and process a credit card transaction, using the credit card number you have provided.
Additional Terms and Conditions
Information on this Site is provided "AS IS" without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. Some jurisdictions do not allow the exclusion of implied warranties, so the above exclusion may not apply to you.
Depreciation Protection, Inc. is located in Ohio and is authorized as a licensed producer to solicit this coverage on behalf of your Financial Institution listed on your waiver addendum. The data set forth on this Site is for informational purposes only, and no warranty is made that the information is error-free. Please note that once you leave this Site, either by using a link we may have provided for your convenience or by specifying your own destination, Depreciation Protection, Inc. accepts no responsibility for the content, products and/or services provided at these non-Depreciation Protection, Inc. sites. Depreciation Protection, Inc. does not control, endorse, promote or have any affiliation with any other website unless expressly stated on this Site.
IN NO EVENT WILL DEPRECIATION PROTECTION, INC. BE LIABLE TO ANY PARTY FOR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES ARISING OUT OF ANY USE OF THIS WEBSITE, OR ANY OTHER HYPER-LINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR DATA ON YOUR EQUIPMENT, OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OR LIKELIHOOD OF SUCH DAMAGES.
Information on this Site may contain inaccuracies or errors. Information may be changed or updated without notice. We have no obligation to update information presented on this Site, so information contained herein may be out of date at any given time. We may also make improvements and/or changes in the products and/or programs described in this information at any time without notice.
The products, services and information on this Site are intended to be made available only to persons in the United States and are subject to debt protection filings at the State level.
All service marks and logos located on the Site are owned by Depreciation Protection, Inc. All materials contained herein are Depreciation Protection Inc.’s property, unless otherwise indicated. All materials are protected by United States copyright laws and all other applicable laws. Removal or reproduction, by any means, of any materials, logo, trademark, service mark, or the name of Depreciation Protection, Inc. or its affiliates, is expressly prohibited without the prior written consent of Depreciation Protection, Inc. Depreciation Protection, Inc. may change this Statement from time to time without notice. This Statement is not intended to and does not create any contractual or other legal rights in or on behalf of any party.
