SUMMARY OF FEATURES & BENEFITS
- Helps protect your investment by reimbursing you for depreciation experienced in the event of a total vehicle loss.
- Pays you the difference from the cash selling price of the vehicle and the ACV determined by the primary Insurance Carrier on a total loss
- Maximum Depreciation Benefit up to $10,000, depending on the level coverage chosen
- 60 months of coverage
- Benefit paid upon returning to the selling dealership or auto group
WHAT CAN POWERBUY DO FOR YOU?
All vehicles begin to depreciate from the moment you drive them off the dealer’s lot.
If your vehicle is totaled or stolen, your primary insurance carrier will only reimburse you for the actual cash value of the vehicle at the time of the loss. The insurance company payout may not cover your full vehicle investment, including any down payment made at the time of purchase, or monthly payments made to that point in time.
Protect your investment by adding a PowerBuy Depreciation Program to your vehicle purchase, and get a benefit amount up to $3,500, $6,000 or $10,000 in depreciation coverage, depending on dealer offer, for you up to 60 months when you return to the original selling dealership or auto group to purchase your replacement vehicle.