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Financial Loss Protection

Handling a challenging situation such as a totaled vehicle, theft, or a natural disaster is difficult enough for your customers. Safe-Guard’s lineup of financial loss protection products helps your customers get back on their feet and back on the road in no time.

  • Guaranteed Asset Protection
  • Lease-End Protection
  • Vehicle Theft Protection

This protection is ideal for

Auto
Marine
Powersports
RV
Close up of wheel and tire
Wheel and tire and angle
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Safe-Guard Products International

Benefits

  • Offers customers financial peace of mind with coverage for total loss, theft, or lease-end charges.
  • Provides a variety of coverage options, including GAP and Vehicle Theft Protection.
  • Boosts customer loyalty with solutions that alleviate vehicle ownership financial concerns.
  • Differentiates your dealership with specialized financial loss coverage products.
  • Demonstrates post-sale support with coverage that assists in unexpected vehicle situations.

(Note: Dealers should verify that offerings are available in their province, and always review product exclusions with customers.)

Average car prices have increased from $34,428 in December 2015 to $47,936 in December 2023.
After a 20% drop in value in the first year, a new car will continue to depreciate by 15% a year for the next four years.
After five years, a new car has lost around 60% of its value.
"Dealing with challenging vehicle loss issues is never fun, but offering Financial Protection ensures that vehicle owners have the financial back up they need in a variety of worst-case vehicle ownership scenarios."
Frequently Asked Questions

Common Questions About Financial Loss Protection

Whether you’re looking for more information on product features or service details, you’ll find a wealth of helpful insights below. If you don’t find the answer you’re looking for, please reach out to us directly for personalized support.

Need Additional Help?
What is Guaranteed Asset Protection (GAP) and why is it important for customers?
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Question
What is Guaranteed Asset Protection (GAP) and why is it important for customers?
Answer

GAP covers the difference between a vehicle’s worth and what the customer owes to the finance company in total loss events. It’s essential for customers who might owe more on their car loan than the car’s actual value.

How does Lease-End Protection benefit customers at the end of their lease?
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Question
How does Lease-End Protection benefit customers at the end of their lease?
Answer

Lease-End Protection covers common end-of-lease expenses like paint chips and interior stains, reducing out-of-pocket costs for customers when they return their leased vehicle.

What does Vehicle Theft Protection offer to vehicle owners?
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Question
What does Vehicle Theft Protection offer to vehicle owners?
Answer

Vehicle Theft Protection is a theft-deterrent product that minimizes financial losses in case of theft and provides customers with peace of mind knowing they have financial security.

Can financial loss coverage products be offered for all types of vehicles?
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Question
Can financial loss coverage products be offered for all types of vehicles?
Answer

Yes, Safe-Guard’s Financial Loss Protection products can be tailored to fit various types of vehicles, providing versatile coverage options for your dealership’s diverse customer base.

How do these financial loss coverage products improve our dealership's customer relationships?
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Question
How do these financial loss coverage products improve our dealership's customer relationships?
Answer

By offering products like Safe-Guard’s Financial Loss Protection that safeguard customers’ financial interests in challenging situations, dealerships demonstrate care and build stronger, more trusting relationships with customers.

Note

  • Members to provide contact and medical information at the time of program enrollment
  • https://mediaroom.kbb.com/record-new-car-transaction-prices-reported-december-2015
  • https://www.ramseysolutions.com/saving/car-depreciation
Limitations and exclusions apply. The Financial Loss Protection products are optional and are not insurance. Coverage may vary by product agreement and state/province. Please refer to the applicable product agreement for details of terms and conditions.