Pre-Payment with Interest Frequently Qs & As

Auto glass replacement is an unavoidable expense that can catch you off guard. With Capital Auto Glass’s Pre-Payment Plan, you can set aside funds in advance, giving you peace of mind knowing that the cost is covered when the need arises.

The best part?  This program allows you to earn interest while saving. Where else can you earn up to 20% interest on your parked funds?

How Does the Pre-Payment Plan Work?

The Pre-Payment Plan is a convenient way to save for future auto glass services while earning interest on your pre-paid funds. You can choose from three different plans based on the amount you pre-pay, each offering a competitive Annual Percentage Yield (APY) in the form of account credit:

1. Platinum Plan:

• Pre-pay between $1,000 and $2,000.
• Earn 20% APY on your deposited amount.

2. Gold Plan:

• Pre-pay between $500 and $999.
• Earn 15% APY on your deposited amount.

3. Silver Plan:

• Pre-pay between $100 and $499.
• Earn 10% APY on your deposited amount.

Additional Details:

• APY (Annual Percentage Yield): The interest is credited to your account balance and can be used exclusively for services at Capital Auto Glass, such as glass replacement, repairs, or insurance deductibles.
• Flexibility: The funds you deposit, along with the earned interest, can be applied to any eligible services, giving you peace of mind and savings for future needs.
• No Cash Payouts: Interest is not redeemable as cash but enhances your account credit for services.

Choose the plan that suits your budget and enjoy the benefits of saving while earning valuable credit toward your auto glass services!

What is the benefit of Pre-Plan?

A Pre-Plan allows you to set aside funds in advance for your auto glass replacement or repair services. By doing so, you not only ensure that you’re financially prepared when the need arises but also earn interest on the money you’ve set aside. At Capital Auto Glass, your funds grow over time, making this a smart and cost-effective way to manage future auto glass expenses while maximizing your savings.

How much interest will I receive?

Platinum Plan: If you pre-paid $1,000 – $2,000, you will earn 20% APY* interest.

Gold Plan: If you pre-paid $500- $999, you will earn 15% APY* interest.

Silver Plan: If you pre-paid $100 – $499, you will earn 10% APY* interest.

*APY -Annual Percentage Yield (in a form of a credit)

Can I cash out the interest I’ve accumulated?

No, the interest you earn cannot be redeemed for cash. The accumulated interest is not payable in the form of cash and is solely intended to enhance the value of your Pre-Plan. It can only be applied toward your auto glass replacement or repair services at Capital Auto Glass.

How can I redeem my deposited funds and accumulated interest?

You can use the money you’ve deposited, along with the interest earned, exclusively for future services at Capital Auto Glass. These services include auto glass replacement, rock chip repair, power window repair, or even applying it toward your insurance deductible when replacing your glass. Please note that the funds and interest can only be redeemed for services provided by Capital Auto Glass and cannot be withdrawn as cash.

How will I know my account balance?

You can stay informed about your up-to-date account balance through the following three methods:

1. Call Us: Feel free to contact us directly, and our team will provide you with the most current balance information.
2. Email Us: You can send us an email at any time to request an update on your account balance, and we’ll respond with the details.
3. Quarterly Email Updates: Every 90 days, you will receive an automated email containing a detailed summary of your account balance, including both deposited funds and accumulated interest.

These options ensure that you always have easy access to accurate and timely information about your account.

Can I re-invest the interest earned back into my account?

No, the interest earned cannot be re-invested into your account. The interest is applied solely to enhance the value of your Pre-Plan for use on future services at Capital Auto Glass. While it cannot be re-deposited or compounded further, it remains available for redemption exclusively for auto glass replacement, repairs, or other eligible services.

What happens if I use part of my deposit? Will I still earn interest on the remaining balance?

Yes, you will continue to earn interest on the remaining balance in your account. The interest will be calculated and accrue based on the amount left after your partial withdrawal. Rest assured; your interest rate will remain unchanged from the rate set at the time of your initial deposit. This ensures your remaining funds continue to grow while being available for future services at Capital Auto Glass.

How do I fund my account?

There 3 are ways you can fund to your account.

1. Credit Card/Debit Card (add 3% credit card usage fee)
2. Check: with checks your account not will be funded until check is cleared by our bank. Any returned check, there will be a fine of $50.
3. Cash

Can I close my account at any time?

Yes, you can close your account at any time by sending us an email requesting account closure. Any remaining funds from your initial deposit will be refunded to you via check, which will be mailed to your address on file. However, please note the following:

• Any interest accumulated on your deposit will be forfeited and cannot be redeemed or paid out.
• No cash payouts will be provided for the accumulated interest.

This policy ensures the integrity of the Pre-Plan program while allowing you flexibility with your deposited funds.

How can I sign up for the Pre-Payment Program?

Signing up is quick and easy, with three convenient options to get started:

1. Online Sign-Up: Click the “Sign Up” button [Insert clickable box]. Fill out all the required information on the online form and submit it directly through our website.
2. Download and Submit: Download the application form from our website, complete all required fields, and return it to us via:

• Email: Attach the completed form and send it to our provided email address.
• Text: Send a clear image of the completed form to our office number.
• Mail: Mail the completed application to our office address.

3. In-Store Sign-Up: Visit our store in person, and our team will provide you with an application form to fill out on-site. We’re happy to assist you if you have any questions during the process.

Choose the option that works best for you and start enjoying the benefits of the Pre-Payment Program today!