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