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