Cycleone Financial balance protection program (bpp)

•  BPP covers the original loan amount at the time of sale. 
• BPP covers the difference between the Actual Cash Value of the vehicle at the time of loss and the balance on the loan based on the following factors:
• BPP covers 150% – These represent the maximum loan over MSRP at the time of loan origination, not at time of loss (i.e. If a vehicles MSRP is $8000 at the time of sale then 150% GAP will cover a loan up to $12,000 – If a loan is written for more, GAP will use $12,000 as the basis for the loss claim calculation). 
• Additions to the original loan amount (i.e. Revolving Loans) will not be considered 
• Revolving Loans  will  be  amortized  over  a  60  month  period  utilizing  the  original  loan  amount,  when calculating a loss claim.