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A new product that fits your finance department  EASY TO SELL: VRP® is Total Vehicle Replacement Protection that covers new and pre-owned vehicles for three years in the event of a total loss due to collision, theft and most comprehensive losses. The customer will receive a benefit for a replacement vehicle of the same make, model and age with similar mileage and equipment as was the original vehicle at the time VRP® was purchased. VRP™ is the ultimate in Investment Protection for your customers.  PROFITABLE: With VRP®, Dealers have the ability to improve product penetration in the finance office. Profit margins compare favorably with extended service plans. Dealers also avoid the after-sale installation headaches associated with vehicle tracking systems and etch products.  COMPATIBLE WITH CURRENT FINANCE PRODUCTS: Dealers offer VRP® to their customers at the point of sale. VRP® can be sold as a stand alone item as well as an enhancement to Extended Service Contracts, “GAP”, and other F&I products to create complete asset protection programs. Like other products, VRP® can be included in the financing.  IMPROVED CUSOMER SATISFACTION (CSI): Customers are sheltered from the feelings of total loss. They get a new vehicle, keep their savings, suffer no payment increase (sometimes payments are lowered), remember the customer focused dealer that offered them this option and are virtually guaranteed to purchase another VRP® benefit along with the replacement vehicle.  RETURN BUSINESS: The replacement vehicle will be purchased from the dealer at MSRP [new] and NADA Retail [used].  LENDERS APPROVE: VRP® is underwritten by an A. M. Best Co. “A” rated insurer and administered by an industry leader. VRP Enterprises, Inc. will assist with product introduction to your chosen lenders, both captive and non-captive.   |
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