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