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