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Collateral Protection Insurance

Collateral Protection Insurance - APG Financial

The cost of Collateral Protection Insurance(CPI) varies based on the payment structure and vehicle value.

CPI meets all insurance requirements set by APG Financial. In the event of an accident, all damages to the leased vehicle are covered after a $500 deductible is paid. If the vehicle is declared a total loss, the entire lease amount will be satisfied, minue the $500 deductible.

Please note that CPI does not cover any medical expenses or damages to property beyond the leased vehicle.

Benefits of having CPI:

  • All customers qualify
  • Saves you $$$
  • It’s convenient
  • No start up charges
  • Peace of mind
2015 Toyota Tacoma Double Cab TRD Pro Pickup 4D 5 ft
$22,995
2015
209,016 miles
31735
2015 Ford Fusion S Sedan 4D
$12,995
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2021 Toyota Corolla Sedan 4D LE 1.8L I4 Auto
$15,995
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131,704 miles
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2020 Kia Forte EX Sedan 4D
$17,995
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How Collateral Protection Insurance Works

If you notify APG Financial of a vehicle loss and we determine your vehicle is a total loss, the lease will end and you will pay a deductible of $500 and any amounts already due under the lease before the date of the loss.
If you notify us and your vehicle is not a total loss, we will make commercially reasonable efforts to repair any damage resulting from the vehicle loss within a reasonable time. You will pay a deductible of $500.
You will need to continue to pay all amounts due under your lease even while you are waiting for us to make any repairs and agree to pay 100% of the price of any repairs you make yourself of have a third party make.

When the CPI will apply:

As long as you pay the monthly charge by the due date of the scheduled monthly payment(s). The CPI will be voided if the vehicle is used in a way that violates the terms of the lease or if the vehicle loss results from your intentional acts or omissions

Cancellation of the CPI:

You may cancel the CPI at any time. The CPI may also be cancelled if we decide, for any reason, to stop offering it to you. If the CPI is cancelled, you must immediately comply with the physical damage insurance requirements set forth in the lease.

We pride ourselves on helping you find a car you love at the most competitive pricing and financing available.
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