Trade-In Protection
 | This article includes a list of references, related reading, or external links, but its sources remain unclear because it lacks inline citations. (September 2023) |
Trade-In Protection refers to an automotive protection program that assists in paying off vehicle trade-in negative equity if loyalty occurs by the consumer to either the original selling dealership or automotive manufacturer by trading-in and purchasing another vehicle from the original provider.
The most common type of Trade-In Protection (or TIP) occurs at the dealership level, at the vehicle-buying transaction. Dealers either give away the entire TIP protection (up to $5000 in negative equity benefit), or give away a portion while leaving the balance to be purchased by the consumer ($2500 give away, $2500 for sale).
Trade-In Protection falls in a vein of "socially responsible" programs highlighted by the original Hyundai "Assurance" program of 2009. Since then, additional programs have come to market, including the dealer-level Trade-In Protection, Ford "Advantage," General Motors' "Total Confidence," Subarus' Guaranteed Trade-In Program (GTP), and various forms of payment protection plans for job loss and other factors resulting in the ability for consumers to make scheduled auto loan payments or protect resale values (equity).
References
- http://www.autonews.com/article/20120523/FINANCE_AND_INSURANCE/120529965
- http://www.hyundaiusa.com/assurance/trade-value.aspx
- http://gmtotalconfidence.net/
- http://jalopnik.com/5192453/hyundai-vs-ford-vs-gm-what-car-payment-protection-plans-best
- https://cheapautoinsurance.co/tort-vs-no-fault-auto-insurance-systems-explained/
Content Disclaimer
Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.
- The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
- There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
- It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
- Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
- Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.