Generate revenue and repeat business with PowerBuy® Depreciation Protection.
Help protect your customers should they experience a total loss or unrecovered theft.
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PowerBuy Depreciation Product
Provides up to $10,000 in depreciation protection for up to 60 months when your customer returns to the original selling dealership or auto group to purchase their replacement vehicle.
Can be offered on cash purchases, leases and financed purchases
Terms up to 60 months
Pays the difference from the cash purchase price of the vehicle* and the primary insurance carrier settlement on a total loss
Up to 125% MSRP or J.D. Power
Watch this video to learn more
Can be purchased up to 365 days from date of vehicle purchase
Benefit is sent to your dealership for the downpayment of the replacement vehicle
How is it sold? (varies by state)
Vehicle Value Protection – Provides a benefit towards the reduction of a buyer’s finance agreement balance, towards the purchase or lease of a replacement vehicle, or in case of vehicle: loss, theft, damage, obsolesce, diminished value, or depreciation.
Vehicle Service Contract – A service contract for a vehicle, regardless of whether the vehicle is purchased for cash, financed, or leased, that pays the lessee or buyer a specified amount, as a credit that may be used towards the lease or purchase of a replacement vehicle at a participating dealer after a total constructive loss of the vehicle.
PowerBuy Investment Protection (PIP)
Provides up to $10,000 of protection of the down payment of the vehicle for up to 60 months when your customer returns to the original selling dealership or auto group to purchase their replacement vehicle.
Can be offered on cash purchases, leases and financed purchases
Terms up to 60 months
Benefit amount encompasses down payment, rebate and positive equity
Benefit is applied to the down payment of the replacement vehicle
Benefit is sent to your dealership for the down payment of the replacement vehicle
How is it sold?
Vehicle Value Protection (VVP) – Provides a benefit towards the reduction of a buyer’s finance agreement balance, towards the purchase or lease of a replacement vehicle, or in case of vehicle: loss, theft, damage, obsolesce, diminished value, or depreciation.
How PowerBuy Works for You & Your Dealership:
Generates F&I revenue - With PowerBuy, you set your price and keep the profits (within lender guidelines). PowerBuy can be sold on cash, lease, and purchase finance deals, so you have the opportunity to sell it to every customer.
Protects your customer - If your customer experiences a total loss or theft, PowerBuy covers up to $10,000 of the vehicle’s depreciation, which can include the down payment and monthly payments that have been made on the car loan.
Creates repeat business - Your customer is rewarded for their loyalty for returning to your dealership to purchase or lease their replacement vehicle, and will be more likely to buy PowerBuy again.
The PowerBuy Model
A simple, easy product that generates income for your dealership during different stages of the buying process and increases the rate of returning customers.
Solve the GAP Gap with PowerBuy
GAP only covers the difference between value of the vehicle and what’s left on the loan after a total loss or theft.
PowerBuy comes in to make up the difference between what your customer’s insurance covers and the original cash purchase price of the vehicle, up to $10,000—which can include the down payment and monthly payments made up to time of the loss. Plus, PowerBuy puts that benefit payment toward the purchase of a replacement vehicle at your dealership or dealer group, making it a win-win for you and your customers.
The PowerBuy Competitive Advantage
With PowerBuy, your dealership can reward your customers for their loyalty by providing up to $10,000 toward a replacement vehicle from your dealership. That is the PowerBuy competitive advantage that creates happy and loyal returning customers.
PowerBuy is Easy to Sell
PowerBuy is the perfect complement to GAP in providing your customer protection for their vehicle investment. While GAP protects the loan, PowerBuy protects the vehicle’s value up to $10,000—so your customer can get into a replacement vehicle and back on the road.
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© Shortfall Cover, LLC. All rights reserved. Programs and coverages may vary by state/lender.
*Cash selling price prior to the addition of tax, title, additional front-end products, or documentation fees. Cash selling price does not include any manufacturer or dealer rebates or discounts. Programs may vary based on state and lender requirements.