ValueShield® is a new and innovative, F&I product designed to help protect customers from the negative financial effects of diminished value.
ValueShield® is not insurance. It’s a simple and convenient way to get up to $5,000 or $10,000 more for your vehicle when you decide to trade it in – even if it has been in an accident. Please ask your dealer for more information about ValueShield® today.
Diminished value refers to the loss of value that occurs when a vehicle has been involved in an accident. Think about it…would you want to buy a car if you knew it had been wrecked? Of course, you wouldn’t, and neither would most people. And that’s why even a properly repaired vehicle can lose up to 30% of its trade-in value.
The use of VIN history services such as CARFAX® provide transparency into a vehicle’s history and often results in diminished value when there is evidence of a previous accident. And although auto insurance will pay to repair a vehicle, auto insurance will not protect the value of the vehicle. That’s where ValueShield® steps in.
Click the video below to watch how a bad CARFAX report can affect the sale of an accident-damaged vehicle.