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