Depreciation Protection Waiver (DPW)

DPW helps safeguard your vehicle's value if ever totaled or stolen.

If you purchase your vehicle with a large down payment, trade in a vehicle, or pay down your loan aggressively, DPW is designed for you. Get some or all of the money you paid on your car back if it's totaled, stolen, or unrecoverable at any time within the life of the loan. DPW helps you keep more of the money you’ve invested by covering the difference between your car's value at time of DPW purchase and your outstanding balance at time of total loss (up to $10,0001).

Coverage is subject to the DPW addendum limit and outstanding balance. See our examples below to discover how much coverage you can get.

Cover the gap between purchase price and loan balance.
Protects against loss from collisions, theft, or fire.
Available for vehicles of any mileage or year.
100% open enrollment - add DPW anytime during your loan term.
Receive a $25 discount with Advantage Plus Rewards.2

To get started with DPW give us a call or stop by your local branch!

DPW Is Ideal For:

  • Buyers with high down payments - financing 85% or less of the vehicle's value.
  • High trade-in value at time of vehicle purchase.
  • Those who got a great deal from the seller (high-rebate offers included).
  • Anyone wanting to protect their vehicle's value.

Get money back with DPW if your vehicle is totaled.

Cover the payments you've already made and protect your investment.

On Purchase Date

Price of Vehicle: $30,000

Outstanding Loan Balance: $27,000

Get $3,000 back.

6 Months

Price of Vehicle: $30,000

Outstanding Loan Balance: $25,045

Get $4,955 back.

1 Year

Price of Vehicle: $30,000

Outstanding Loan Balance: $23,041

Get $6,959 back.

3 Years

Price of Vehicle: $30,000

Outstanding Loan Balance: $14,5071

Get $10,000 back.1

Have more questions about DPW?

Feel free to contact us any time and we'll walk you through your options.

Contact Us

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Loan Payment Options

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Maximum Waiver Benefit can vary depending on level of protection selected and/or offered. Please reference the waiver addendum for specifics regarding maximum waiver amounts.​

  1. $10,000 Waiver Benefit applies here because waiver amount will not exceed the lesser of the maximum amount listed in the waiver addendum or outstanding loan balance at total loss. Loan amortization used in example: 4.99% APR, 72-month.
  2. Must be qualified for Advantage Plus Reward Status at time of purchase to receive discount.