Shortfall Cover, offers an F&I depreciation product called PowerBuy Depreciation Protection. This program is designed to help customers recover lost value in the event of a total loss or unrecovered theft.
PowerBuy provides a benefit up to $10,000 , that can be applied toward the purchase or lease of a replacement vehicle, effectively covering the depreciation of the original vehicle over time. The benefit is calculated as:
Covered Vehicle Purchase Price – Insurance Settlement Payment = PowerBuy Benefit
It’s a simple yet powerful way to support customer satisfaction and retention while enhancing dealer profitability.
PowerBuy can be purchased on cash, lease, and finance deals, and includes a loyalty component that encourages customers to return to the original selling dealer for their replacement vehicle. It is independent of GAP and is applied directly to the replacement vehicle purchase or lease through the original dealer.
Product Categories
- Business Services