Financial Protection Waivers
Financial Protection Waivers are designed to help customers waive certain financial obligations in specific situations. They offer peace of mind by covering costs that would otherwise be the responsibility of the customer, ensuring financial security and reducing unexpected expenses.
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Lease-End Waiver
Lessees are typically responsible for covering the costs of repairs for exterior body panel dings, glass damage, wheel scratches, and more. However, this waiver covers up to $5,000 of eligible excess wear and use. This protection gives lessees peace of mind, helping to ensure they won’t face significant expenses when their lease ends.
Guaranteed Asset Protection (GAP) Waiver
In the event of a total loss, vehicle owners are often left with a gap between the outstanding loan balance and the vehicle’s actual cash value. The GAP Waiver covers this difference, helping to prevent significant out-of-pocket expenses. This protection reduces anxiety during a stressful time by alleviating financial burdens and minimizing potential debt.
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