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Without GAP Protection, you may have to pay for your vehicle after it's gone
Millions of vehicles are totaled each year by collision, theft and natural disasters. Unfortunately, many customers are surprised to learn that their auto insurance settlement is thousands of dollars less than what they still owe on their loan or lease. Why?
The market value of your new vehicle starts to depreciate the moment you take possession, and for the first few years of ownership, is likely to continue to depreciate faster than the balance of your loan or lease.
There's a good chance that if a total loss happens to you, you will still be held responsible for the difference between the insurance settlement and your remaining loan or lease balance, in addition to your deductible.
Protect Your Investment
For a very affordable cost, you can protect yourself against a potential financial burden, and safeguard your hard earned credit.
GAP Protection is a simple concept. It is an agreement between you and your lender or leasing company.
GAP Programs Protect You...