Auto Loans

Get Guaranteed Auto Protection (GAP)

The value your insurance company will place on your car may be substantially less than the amount you owe.

In the event that your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, your insurance company pays the actual cash value of the vehicle at the time of loss — not what the vehicle is really worth to you!

You remain liable for the payment of the difference between your insurance company’s settlement and the balance of your loan.

This deficiency, added to the amount of your deductible, and other expenses can easily be thousands of dollars — money that comes out of your pocket!

GAP Protects You From Substantial Loss:

• You can ease the financial burden associated with the loss of your vehicle
• All risk protection for new and used vehicles
• Protection is provided for the term of your loan up to 84 months
• Protection is applicable for vehicles valued up to $100,000.00 at the time of purchase
• Benefits are paid up to $50,000.00
• Deductible coverage up to $1,000.00
• This peace of mind coverage is only a one-time cost of $350.00 and can be added to your loan
• Protection is effective with the execution of all documents

Mechanical Breakdown Protection

In the event that your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, your insurance company pays the actual cash value of the vehicle at the time of loss — You may have the original manufacturer’s warranty for your vehicle and feel it will protect you adequately. However, a vehicle is one of the most expensive investments you will make and you’ll need extended mechanical repair coverage to prolong its use and value as well as to cover some repairs your manufacturer's warranty will not. As your car gets older, the risk and cost of repairs increase dramatically. Once your manufacturer’s warranty has expired, this means more out-of-pocket expenses for you! Our Premium Value Automotive Protection plans provide excellent coverage and extensive protection for your vehicle’s mechanical and electrical failures and associated labor costs. The plans also provide extra benefits, such as Rental Car Coverage, Trip Interruption, Tire Damage, and 24-Hour Roadside Assistance which, at no additional cost, may be used during and after your manufacturer’s warranty.

Best of all, the Plan can be added to your vehicle loan with minimal increase in your payment, further reducing your out-of-pocket expense.