Features & Benefits
Pays the difference between the original vehicle purchase price and the primary insurance carrier settlement payment.
Helps protect the customer's investment by reimbursing for depreciation experienced in the event of a total vehicle loss.
Maximum Depreciation Benefit up to $10,000, depending on the level of coverage chosen. Up to 60 months of coverage.
Who We Are
PowerBuy is backed by SWBC, Security Service Federal Credit Union, and Shortfall Cover, LLC.
What can PowerBuy do for your customers?
All vehicles start to depreciate the moment they are driven off the lot…
If your customer's vehicle is totaled or stolen, their primary insurance carrier will only reimburse for the actual cash value of the vehicle at the time of loss. This payout may not cover the entire vehicle investment, including any down payment made at the time of purchase, or monthly payments made to that point in time.
PowerBuy Depreciation Program can Protect their Investment.
Protect your customer by adding a benefit amount of up to $3,500, $6,000, or $10,000 in depreciation coverage, depending on dealer offer. Coverage is available for up to 60 months when returning to the original selling dealership or auto group to purchase a replacement vehicle.