Depreciation Protection Waiver (DPW)
A Depreciation Protection Waiver (DPW) protects the equity in your vehicle if it's ever totaled, stolen, or lost. DPW covers the difference between your car’s original value and your remaining loan balance — helping you recover up to $10,000 of your investment.1
The key benefits of DPW.
DPW helps you keep more of your money, even if the unexpected happens. Protect your investment, drive with confidence.
- Covers the gap between your vehicle’s original purchase price and your loan balance if your car is declared a total loss.
- Protects your investment from depreciation due to collisions, theft, or fire.
- Available for vehicles of any mileage or model year.
- Open enrollment: Add DPW at any point during your loan term.
- Enjoy a $25 discount if you qualify for Advantage Plus Rewards.2
- Peace of mind knowing your positive equity is protected.
Who should consider DPW?
A Depreciation Protection Waiver is ideal for borrowers who:
- Make a large down payment (finance 85% or less of the vehicle’s value).
- Trade in a vehicle with positive equity.
- Secure high rebates or negotiate a purchase below MSRP.
- Make accelerated loan payments.
- Want to protect the money they’ve invested in their vehicle.
Not sure if DPW is right for you? We’re here to help you decide.
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.
- $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.
- Must be qualified for Advantage Plus Reward Status at time of purchase to receive discount.