Protect That New Car!

Since the biggest depreciation hit takes place in the first year, that could leave you with a big financial loss if something bad happens during that time.

You can avoid this by asking for a “waiver of depreciation”. This coverage must be purchased when the vehicle is brand new, but it is not expensive. It will reimburse you for the full original purchase price of your vehicle if it were to be written off, usually during the first 30 months of the its life.