| 摘要 |
A method is provided to compensate a vehicle buyer for negative equity in a vehicle purchased from a vehicle dealer and traded at a predetermined time after purchase of the vehicle. At the time the vehicle is purchased from a participating vehicle dealer, an insurer issues a premium bearing policy to the vehicle purchaser. If the purchaser pays the required premiums over the predetermined time, the insurer will pay on behalf of the buyer a compensated value equal to the amount owed on the vehicle less deductions and less the unadjusted fair market value of the vehicle at the time the vehicle is traded with a participating vehicle dealer, which may be the same or different from the vehicle dealer from whom the vehicle was originally purchased, depending on the terms of the policy.
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