Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection (GAP) protects you from financial loss in the event your vehicle is damaged beyond repairs (totaled) or stolen and never recovered.  Without GAP, the borrower would be responsible for paying the difference between the insurance settlement and the outstanding loan balance.

Benefits To The Borrower Protect Credit Rating

      • Eliminates or reduces out of pocket expenses for the remaining loan balance after loss settlement
      • Borrower is able to purchase replacement vehicle sooner because there is little or no carry-over balance
      • Provides benefit up to $50,000
      • Borrower may purchase up to 1 year from effective date of loan
      • Available at reduced amount compared to other GAP providers
      • Waiver may be fully refunded within 60 days of its inception if no GAP benefits have been paid
      • Peace of mind