Collateral Protection Insurance Buy Here Pay | Here

CPI is a specialized insurance policy a lender (the dealership) purchases to protect their interest in a vehicle. According to Bankrate , it is triggered when a borrower fails to maintain the comprehensive and collision coverage required by their loan agreement. Why Dealers Use It

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This can significantly increase the customer's monthly bill, which may lead to higher default risks. CPI is a specialized insurance policy a lender

What Is Collateral Insurance and How Does It Work? - Bankrate collateral protection insurance buy here pay here