FRAUDULENT CALL ALERT! CapEd has been made aware that members are receiving calls that appear to be from CapEd claiming to need personal information to resolve fraud on a debit card. CapEd will never call you and request social security numbers or full card numbers over the phone. If you are concerned about a call you've received, please reach out using the Let's Talk live chat button or call 800-223-7283. You can also review our Safety & Security measures here.
FRAUDULENT CALL ALERT! CapEd has been made aware that members are receiving calls that appear to be from CapEd claiming to need personal information to resolve fraud on a debit card. CapEd will never call you and request social security numbers or full card numbers over the phone. If you are concerned about a call you've received, please reach out using the Let's Talk live chat button or call 800-223-7283. You can also review our Safety & Security measures here.
FRAUDULENT CALL ALERT! CapEd has been made aware that members are receiving calls that appear to be from CapEd claiming to need personal information...
Depreciation Protection (DPW)1 provides coverage for your vehicle's equity and helps protect against depreciation over the life of the loan. In the event of a total loss, DPW offers a waiver benefit equal to the difference between the vehicle's value at the time of purchase, less the loan balance at the time of loss—up to a maximum waiver benefit of $10,000 or the outstanding loan balance, whichever is less.
Protection Benefits:
- Protection for collision
- Life of loan protection
- No mileage or year restrictions
- Protection for theft and fire
- 100% open enrollment
- Protection for vehicle depreciation
Ideal for Those Who:
- Finance 90% LTV or less
- Put money down
- Trade-in a vehicle
- Make accelerated loan payments
- Need to protect equity
How It Works! | Purchased at Dealership | 6 Months | 1 Year | 3 Years | 5 Years |
 | | | | | |
| Price of Vehicle (MSRP/Retail) | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 |
| Outstanding Loan Balance | $27,000 | $25,045 | $23,041 | $14,507 | $5,078 |
| Depreciation Protection Waiver Benefit at Total Loss: | $3,000 | $4,955 | $6,959 | $10,000* | $5,078 |
*Maximum Waiver Benefit can vary depending on level of protection selected and/or offered. Please reference the waiver addendum for specifics regarding maximum waiver amounts. $10,000 Waiver Benefit applies here because waiver amount will not exceed the lesser of the maximum amount listed in the waiver addendum or outstanding loan balance at total loss. Loan amortization used in example: 4.99% APR, 72-month.
Did you know?
Our DPW program includes Auto Advantage!
When you purchase DPW from CapEd, the primary borrower and/or co-borrower also receives Auto Advantage, which includes Auto Deductible Reimbursement (ADR) at no additional cost.
The covered borrower may be reimbursed their deductible for any loss covered by the borrower's auto insurance policy for all their non-commercial passenger cars, trucks, or vans.
ADR Benefit Requirements are Simple:
- All vehicles are covered that are owned (title, registration, or loan documents) and insured by the primary borrower and/or co-borrower.
- Only four-wheel, non-commercial passenger vehicles (cars, trucks, vans) are covered. ADR does not cover motorcycles, boats, and RVs.
- A claim can be filed if the paid claim exceeds the borrower's deductible and has been approved and paid by the borrower's primary auto insurance. This includes comprehensive and collision claims and requires repairs to be made.
Click, Call, or Come In to Apply
Easily apply online for an auto loan, call us, or find a CapEd location to apply in person.
Questions?
Disclosures
1All loans are subject to approval. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.
