depreciation protection waiver

Did you know that the average car depreciates in value by 35% in 3 years?* New cars are a big deal, and so is protecting your new investment. Depreciation Protection Waiver (DPW) protects your vehicle equity and hedges against depreciation over the life of the loan. In the event of a total loss, DPW provides a waiver benefit equal to the difference between your vehicle's Manufacturer Suggested Retail Price (MSRP) or retail value at the time of DPW purchase, less the amount of your loan balance at the time of total loss up to a maximum waiver benefit of $10,000, or the outstanding loan balance. DPW kicks in if your vehicle is ever totaled in a collision or stolen and not recovered at any time over the life of the loan.

Already purchased your car? It's not too late to protect the equity of your vehicle. You can get DPW even after you have taken out your Auto Loan. You can also get DPW through BlueOx Credit Union even if you are not a member or didn't finance your Auto Loan through us.

benefits of dpw

  • Protection for vehicle depreciation
  • Protection for collision or comprehensive total loss, including fire damage and theft
  • Life of loan protection
  • No mileage, make, or year restrictions
  • Open enrollment
  • 100% refundable for first 60-days

dpw is for you if you

  • Finance 90% loan-to-value or less
  • Put money down
  • Trade in a vehicle
  • Make accelerated loan payments
  • Need to protect equity

how dpw works

  Purchased at Dealership 6 Months 1 Year 3 Years
Price of Vehicle (MSRP) $30,000 $30,000 $30,000 $30,000
Outstanding  Loan Balance $28,500 $26,681 $24,469 $15,282
DPW Benefit at Total Loss $1,500 $3,319 $5,531 $10,000

sign up for dpw

Did you put money down or have equity in your vehicle? Ask us how you can protect your investment by stopping by any of our branches, calling a Member Service Advisor at (800) 648-8035, or filling out the form below.

*2019 AAA 'Your Driving Costs.'
†The benefit cannot exceed the DPW addendum limit or your outstanding loan balance at the time of total loss.

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