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What is CPR for Cars™?
CPR for Cars™ is an exclusive membership program sold at the profit center of auto dealerships and through finance/leasing companies.
Our program protects the purchaser or lessee by reimbursing some or all of their loan or lease payments when they can’t use their vehicles due to a covered event.
The CPR for Cars™ Car Payment Reimbursement Program reimburses the vehicle purchaser or lessee the monthly financial obligation (monthly car loan or lease payment) when a covered vehicle is out of their care, custody, or control.
Covered events include, but are not limited to:
- Accidents (Regardless of Fault)
- Vandalism
- Stolen Vehicle
- Totaled Vehicle
- Recall
- Mechanical Breakdown
ARE YOU READY TO OFFER CPR FOR CARS™ TO YOUR CUSTOMERS?
See DISCLOSURES for full details.
What types of vehicles qualify for the program?
Qualifying vehicles include passenger cars, SUVs, and light trucks (class 1 – 3). Customers have the option to purchase additional memberships for other vehicles.
See DISCLOSURES for full details.
How does the program work?
Benefits of Membership
- Customers monthly vehicle payment is paid (regardless of amount, up to the contract period limits)
- We pay up to a total of $7,500 for cars, SUVs, and light trucks (class 1-3) during the membership contract period
- We pay for up to three benefit periods or three requests for reimbursement during the membership contract period
- Dedicated CPR for Cars™ Account Rep assistance from start to completion of your customers vehicle repair and reimbursement
- Added peace of mind for all parties knowing their repair is being monitored by a TPA
ARE YOU READY TO OFFER CPR FOR CARS™ TO YOUR CUSTOMERS?
See DISCLOSURES for full details.
LOSS OF USE REIMBURSEMENT
50%
7 to 15 Days Loss of Use
100%
16 to 30 Days Loss of Use
200%
31 to 60 Days Loss of Use
300%
61 Days + Loss of Use
See DISCLOSURES for full details.
First Year Membership Repair Coverage
If a covered vehicle is involved in a collision and your customer is responsible for out-of-pocket repair expenses, their CPR for Cars™ Membership provides them up to a $500 reimbursement, which is applicable to any event related expenses.
First Year Membership Loss Coverage
If a covered vehicle is declared a Constructive Total Loss, their CPR for Cars™ Membership provides them up to a $1,000 vehicle replacement reimbursement towards a vehicle of equal or greater value, purchased from you (for the full duration of the remaining financing term).
Did you know that over 24% of vehicles 3 years or over are totaled annually?
SOURCE: https://www.nhtsa.gov/data
See DISCLOSURES for full details.
How can a claim be reported?
Should a CPR for Cars™ Member experience a covered event, they follow this simple process to receive their reimbursement benefits:
Member's vehicle sustains damage (or any other covered loss)
Vehicle is returned to the dealership or approved repair facility
Member reports the claim to CPR for Cars™ within 5 days of event
A CPR for Cars™ Administrator contacts the repair facility
Once coverage is verified, Member receives their reimbursement benefit
Member's vehicle sustains damage (or any other covered loss)
Vehicle is returned to the dealership or approved repair facility
Member reports the claim to CPR for Cars™ within 5 days of event
A CPR for Cars™ Administrator contacts the repair facility
Once coverage is verified, Member receives their reimbursement benefit
See DISCLOSURES for full details.
Why do your customers need the CPR for Cars Program?
Should your customer’s vehicle be rendered unusable due to a covered event, we reimburse them for some or all of their loan or lease payments made during that period to help them cover the unexpected additional costs.
With auto part shortages happening nationwide, even a minor safety recall, accident, or repair can render a vehicle unusable for an unknown amount of time. If that happens, your customers will need to keep making payments on top of the expense of repairs and a temporary vehicle.
CPR for Cars™ is protection for your customer, not their vehicle. By reducing the expense, it reduces the risk of falling behind on payments and vehicle repossession. Events like these could negatively impact their finances and credit rating for years to come.
ARE YOU READY TO
OFFER CPR FOR CARS™
TO YOUR CUSTOMERS?
Quick Facts
- Vehicle accidents happen every 6.1 seconds
- Vehicle theft is reported every 45 seconds at a cost of $5.9 Billion to auto insurance carriers
- Over 24% of vehicles 3 years or over are totaled annually
- Incidents of vandalism increase every year
- 53.2% of vehicles are factory recalled
See DISCLOSURES for full details.
DEALERSHIP REVENUE CALCULATOR
How much revenue can you earn by adding CPR for Cars™ to your loans and leases?
$450
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of contracts sold
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See DISCLOSURES for full details.
If you are a dealer of new or used cars, SUVs, or light trucks, you need CPR for Cars™ for your business.
- Profitable revenue stream
- Generates goodwill and repeat business
- Security to approve customers who may have marginal credit
- Reduces the chance of repossessions
- Increase sales and convert prospects into new and repeat customers
- Maintains consistent payments during incidents
- Additional revenue opportunities
- Benefits both you and your customer’s bottom line
- Speeds repairs and return of vehicles
- Encourages and entices customers to use your facilities to repair their vehicle or buy/lease their next one
ARE YOU READY TO OFFER CPR FOR CARS™ TO YOUR CUSTOMERS?
See DISCLOSURES for full details.
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