Protect your vehicle and your finances

Protect Your Vehicle and Your Finances

A wrecked vehicle can wreck your finances if you owe more on your loan than your auto insurance will pay. If an accident happens or your car breaks down, the last thing you’ll need is more to worry about. We can help you get through stressful times with Guaranteed Asset Protection and Mechanical Repair Coverage.

Guaranteed Asset Protection

Guaranteed Asset Protection (GAP) is like an airbag for your vehicle loan. It can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out-of-pocket expenses if your vehicle is totaled.

Without GAP, you could face paying thousands of dollars out of pocket on a lost or totaled vehicle. GAP can help so that you don’t have to worry about paying for your vehicle after an accident.

GAP can either be added onto your approved loan or paid in full at any time during the life of the loan. It’s available for cars, light trucks, motorcycles, jet skis, snowmobiles and ATVs.

For just a few dollars a month, you can protect yourself against this kind of unexpected expense. The benefits may include:

  • Protection for the term of your loan up to 72 months
  • Coverage for vehicles valued up to $100,000 at time of purchase
  • Payment of benefits up to $50,000
  • Coverage deductibles up to $1,000

Mechanical Repair Coverage

After you buy a vehicle you love, protecting that vehicle is just as important. Shield your car against unexpected breakdowns with Mechanical Repair Coverage.

Coverage benefits could include:

  • Rental reimbursement
  • 24-hour emergency roadside assistance
  • Travel expense reimbursement
  • Good at any authorized repair facility in the U.S. or Canada
  • No out of pocket expense (except for any deductible)
  • Transferable
  • Peace of mind knowing that repairs are covered

For more information about GAP or Mechanical Repair Coverage, call the Member Care Center at 800.999.5887.