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GAP (Guaranteed Automobile Protection)

There are so many things to consider when purchasing a vehicle. The last thing you want to worry about is experiencing a total loss in an accident or even a theft. The fact of the matter is it does happen. Statistics show that:

  • The average new car will lose 60% of its value after three years of normal driving
  • One vehicle is stolen in the United States every 24 seconds
  • 18% of vehicles involved in an accident are a total loss
  • Insurance companies report that every year ½ million vehicles are written off as a total loss

Make sure you’re covered from the moment you finance your auto loan with GAP. GAP helps cover the difference in the amount owed on an auto or boat loan balance and the actual cash value of the vehicle paid by the primary insurance when a total loss or theft occurs. GAP covers:

  • New and used vehicles, no age limit
  • Private passenger vehicles up to $100,000 financed and motorcycles and personal watercrafts up to $30,000
  • Deductibles up to $1,000

GAP can be financed in the loan amount when the loan is booked or paid out of pocket. Click here for an example of how GAP can work for you.

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