Protecting your finances is essential, especially when it comes to your vehicle. If the value of your car is less than the amount of your car loan, Guaranteed Asset Protection (GAP) can help bridge that gap. On average, a new vehicle will depreciate more than 20% after the first year of ownership, with half happening the moment you drive it off the lot. This can leave you with a significant financial gap if your vehicle is stolen or considered a total loss due to an accident.
Our GAP program can help reduce or even eliminate that gap between what your insurance will cover and what you owe on your loan. Contact us today to learn more about adding GAP to your vehicle loan and worry less about tomorrow. For a one-time fee of $175 for Auto, $200 for Motorcycle, GAP is available for Auto, truck, van, and motorcycle loans. You can add insurance coverage before, during, or after receiving your loan funds. Additionally, the insurance cost can be included in the total loan amount.
