Products-Depreciation Protection

Depreciation Protection

Protect your equity from unforeseen theft or total loss of your vehicle

What is Depreciation Protection?

Depreciation Protection is meant to recover up to $10,000 of your vehicle equity in the event of the total loss and is paid in addition to the insurance settlement payout. The benefit payout is equal to the difference between your vehicle’s MSRP or retail value at the time of your purchase or refinance, less the amount of the loan balance at the time of total loss.

Depreciation Protection is Ideal for those who:

Put money down at the time of purchase
Have equity in their vehicle
Make increased or additional loan payments
Desire protection from vehicle depreciation
Desire peace of mind knowing the money invested in a vehicle will not be lost

Depreciation Protection Benefits:

Protect your equity in the event of a total loss
100% refundable for the first 60-days
Accidental Death protection included, which provides for cancellation of up to $1,000 of your outstanding loan balance if you die as a result of an accidental injury

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Pro Tip:

• Added protection from collision or comprehensive total loss, including theft

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Price of Vehicle (MSPR/Retail)
Outstanding Loan Balance

Price of Vehicle (MSPR/Retail)
Outstanding Loan Balance

Depreciation Protection
Waiver Benefit at Total Loss:

Depreciation Protection
Waiver Benefit at Total Loss:

DEALERSHIP

PURCHASED AT DEALERSHIP

Outstanding Loan Balance: $30,000
Waiver Benefit at Total Loss: $27,000

$30,000
$27,000

$3,000

6-MONTHS

Outstanding Loan Balance: $30,000
Waiver Benefit at Total Loss: $27,000

$30,000
$27,000

$5,070

1-YEAR

Outstanding Loan Balance: $30,000
Waiver Benefit at Total Loss: $27,000

$30,000
$27,000

$7,171

3-YEARS

Outstanding Loan Balance: $30,000
Waiver Benefit at Total Loss: $27,000

$30,000
$27,000

$10,000*

5-YEARS

Outstanding Loan Balance: $30,000
Waiver Benefit at Total Loss: $27,000

$30,000
$27,000

$4,834

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Our members saved $119 monthly on average

Whether you want to lower your payment or pay less interest, Gravity Lending can help you explore your saving possibilities

*Rate listed is stated as APR: APR is the Annual Percentage Rate. The APR you qualify for may differ based on a number of factors including your credit profile, the year model of the vehicle, your debt ratio, the loan length, and the loan to vehicle value ratio.
*Advertised 1.99% APR based on a representative example of refinancing a 2018 or newer vehicle with a FICO score of 750 for a term of 36 months.
**Monthly Savings: Average monthly payment savings shown was calculated from all funded applications between Jan 1, 2020, July 9, 2020, where our clients accepted a lower payment. Payment is a calculation of the approved interest rate, selected term, and amount financed. Your actual savings may differ, more or less and you can typically customize many aspects of your loan to find the savings you want.
**Total Savings: Average monthly payment savings shown was calculated from all funded applications between Jan 1, 2020, July 9, 2020, where our clients paid less over the life of the loan. Your total savings can be more or less depending on a combination of the rate approved, the term selected, and the total amount financed.