Debt Cancellation is an agreement between the dealer and the customer. Debt Cancellation is a waiver. The customer agrees that if they pay x amount a month, in the case of a total loss, the dealer will forgive the debt owed on the vehicle.
More on debt Cancellation
Debt cancellation cannot be force placed due to it being voluntary. It is just another option for your customer. If the customer decides to get Debt Cancellation, they will still need to get liability insurance. This waiver is only between the dealer and customer. It is not liability insurance. CDIG can help you with that as well. Why not put a system in place where you have the control over things. You are taking to many blows due to total losses. You will know the second they don’t pay.