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