The Car Down Payment Reimbursement (CDR) Program™ reimburses the buyer’s or lessee’s initial cash deposit that has paid when buying or leasing a vehicle if the vehicle is in an accident and declared a Constructive Total Loss; or if the vehicle is stolen and is deemed unrecoverable.

The CDR Program is protection added at the time a vehicle is purchased or leased through your dealership. In the event of a loss, benefits are paid for the covered amount of the initial down payment on the covered vehicle and is applied to your customers replacement vehicle.  The payment of the reimbursement to you ensures that the customer experiencing the loss will return to your dealership, which builds repeat business and good will for dealerships offering our program.

The CDR Program provides consumers peace of mind in today’s increasingly expensive automotive sales market. New and preowned car down payments are — and will become more of — a deterrent for prospective consumers looking to finance or lease a vehicle. It is a difficult task for many to save up the thousands of dollars necessary for a down payment, and that does not include taxes, bank acquisition and other fees, or any security deposits that may be needed as FICO scores plummet due to the overall economic climate. 

Our program gives dealerships a valuable tool to offset
the risk to your customers.