True or false: DPW is ideal for all loans.
False
True
Which collateral type is eligible for DPW?
Light Trucks
Motorcycles
Boats
Golf Carts
True or false: GAP is nonrefundable after 60 days.
True
False
Which collateral type is eligible for ADR claims?
Passenger vehicles
Motorcycles
Boats
ATVs
Who is eligible for ADR coverage?
Primary borrower
Co-borrower
Both borrowers
Anyone
True or false: ADR covers unlimited losses per year
False
True
What is the cost of DPW?
Only for new cars
Fixed price
Varies by vehicle value
Always free
What is a GAP Waiver?
Protection against total loss
Insurance policy
Loan extension
Payment plan
True or false: GAP is required on loans.
False
True
Which is a GAP Advantage benefit?
Free insurance
No benefits
$1,000 for replacement vehicle loan
$500 for repairs
Which collateral type is eligible for GAP?
Bicycles
Trucks only
Only new cars
Motorcycles
True or false: DPW covers motorcycles.
True
False
True or false: DPW helps protect against depreciation.
False
True
What is the minimum LTV for GAP?
80%
50%
91%
100%
What is the benefit of DPW?
Free insurance
Full vehicle value
Cash refund
Helps replace equity
What is the maximum loan term for DPW?
72 months
84 months
90 months
60 months
True or false: GAP covers commercial vehicles.
False
True
What must be done to file an ADR claim?
Visit the branch
No action needed
Send a letter
Call or go online
What is the primary benefit of Auto Advantage?
Auto Deductible Reimbursement
Discount on gas
Roadside assistance
Free car wash
True or false: DPW covers commercial vehicles.
False
True
True or false: GAP never waives the entire loan amount.
True
False
What does DPW stand for?
Debt Protection Waiver
Depreciation Protection Waiver
Damage Protection Warranty
Direct Payment Warranty
Which event triggers a DPW claim?
Total loss
Theft recovery
Minor damage
Loan refinancing
True or false: DPW is refundable after 60 days.
True
False
How does DPW benefit borrowers?
Reduces interest rates
Offers cash back
Reduces loan balance
Provides free repairs