To that point: What are the costs of NOT having a Car Buying Service? Both are great questions. Our experience has found it’s more practical to answer the latter. In doing so, we guarantee it helps you better understand the former. Before diving in, let’s make sure we’re on the…
Is VSC Right For Your Credit Union? Vehicle Service Contract (VSC) programs. Extended warranties. Mechanical Breakdown insurance. Different names. Same class of protection. And commonly offered alongside auto loans, with the other mainstays of credit insurance and GAP coverage. So, is it worth it? For simplicity, we’re going to refer…
What’s All This About Depreciation Protection? This probably isn’t the first time you’re hearing that term. Depreciation Protection is making inroads within the auto lending sector. Naturally, you’re looking for some quality info on it. What is it? Should our institution offer? What are the pros and cons of Depreciation…
Your financial institution checks all the boxes: Reducing risk, protecting borrowers and generating non-interest income. With a suite of services, every possible scenario has an offering to match: Full comprehensive auto insurance (or force-placed CPI) Payment Protection GAP coverage Warranty coverage Seems like you’ve covered it all. Except…what about Depreciation…
Protecting Your Borrowers With Depreciation Protection That’s wonderful you are considering Depreciation Protection for your auto loan borrowers. As with any other product search, part of the challenge is finding reputable providers, then assessing their fit with your institution. Did you end up here before learning the ins-and-outs of Depreciation…
