Ensure Your New Vehicle is Fully Protected with GAP*Even the best auto insurance may not cover the entire amount you owe on an auto loan. In fact, if the average new car owner has his or her vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after the insurance settlement.
To fully protect the investment you’ve made in your new vehicle, you need Guaranteed Asset Protection (GAP*). GAP makes up the difference between what insurance covers and the amount you still owe in most cases. So, instead of paying off a substantial loan balance for a vehicle you can no longer drive, you could be free and clear.
With this valuable product, you can rest easy knowing that your auto loan won’t be a burden if an unexpected accident or theft occurs.
To learn more, call your loan officer or service representative today!
*Guaranteed Asset Protection is considered insurance coverage in some states.
Your purchase of GAP is optional. Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP. You should carefully read the contract for a full explanation of the terms.