Collateral Protection Insurance Buy Here Pay Here -

This can significantly increase the customer's monthly bill, which may lead to higher default risks.

It saves dealerships thousands of dollars in "uninsured loan" losses. How the Costs Work collateral protection insurance buy here pay here

If a customer eventually provides proof of their own insurance, the dealer must usually remove the CPI and may owe a prorated refund for the period of dual coverage. This can significantly increase the customer's monthly bill,