What does ARC protect me from?

ARC protects you from a total loss due to theft, collision or comprehensive causes.

In the event of a total loss, what is the ARC benefit?

ARC will pay the difference between the purchase price of a "like kind" replacement vehicle and the total loss settlement from your primary insurance company.

What is a "like kind" replacement vehicle?

"Like kind" replacement means the equivalent make and model year age of your original vehicle. For example if you purchase a New 2008 Honda Accord EX in 2008 and a total loss occurred in 2011, the "like kind" replacement vehicle would be a New 2011 Honda Accord EX.

What is a "like kind" used vehicle?

If you purchased a 2005 GMC Yukon LS 4x4 in 2008 (3 model years old), and a total loss occurred in 2011 your replacement vehicle would be a 2008 Yukon LS 4x4 (3 model years old).

What makes ARC different from GAP?

When a vehicle is classified as a total loss, GAP pays off some or all of the remaining loan or lease balance. The consumer has lost all possible vehicle equity and needs to come up with the cash and loan necessary to purchase a new vehicle.

The ARC benefit is focused on the vehicle and therefore would provide a replacement vehicle allowing the consumer to maintain the original loan/lease structure* (term, balance and payments). ARC, unlike GAP, is also available on cash or large down payment loans.

How does the ARC enrollment system work?

The ARC enrollment system, developed by our partner F&I Express, searches a Dealers' application or DMS system for the necessary information and automatically "scrapes" it onto the ARC Customer Registration and Guaranty form. The system also automatically calculates and produces a dealer remittance form and applicable sales and management reports.

* Based on borrower credit quality at time of loss