What is a total loss or permanent loss of your vehicle? In the event of a collision, fire or theft of your vehicle, your insurer may declare your vehicle irreparable and you will only be reimbursed for the fair market value of your vehicle. That could be less than what you owe on your loan or what you can afford to pay for a replacement vehicle.
With a Total Loss Privilege plan you are eligible for a fixed in-store loyalty credit towards the purchase of your next vehicle.
A partial loss is when your vehicle’s value has decreased because of minor damage. A Partial Loss Privilege provides in-store loyalty credits towards a purchase or lease of a replacement vehicle.
To find out how you can save money on a Total Loss Privilege Plan, contact us today.