GAP
Help protect your vehicle with GAP.
We understand how important your vehicle is to you, both as a mode of transportation and as an investment. That’s why we offer Guaranteed Asset Protection (GAP) coverage—a valuable safeguard to protect your financial well-being in case the unexpected happens.
What is GAP Coverage?
In the unfortunate event your vehicle is totaled or stolen, there can often be a “gap” between the amount you owe on your auto loan and the actual cash value your insurance company pays. GAP coverage is designed to cover this difference, ensuring you’re not left paying out of pocket for a car you no longer have.
Why Consider GAP Coverage?
- Peace of Mind: Avoid financial strain if your vehicle is declared a total loss.
- Comprehensive Protection: Covers the gap between your loan balance and insurance payout.
- Affordable Security: A small investment now can save you thousands later.
- Get a Credit Towards Your Next Car: Should you need to utilize GAP, you’ll receive a $2,500 credit to finance your next auto loan with us.
Who Should Get GAP Coverage?
- If you’ve financed most or all of your vehicle’s cost.
- If your vehicle’s value depreciates faster than your loan balance.
- If you want added financial protection for the unexpected.
Don’t let a totaled vehicle total your finances. With GAP coverage, you can drive with confidence knowing your investment is protected.
For more details or to enroll in GAP coverage, email loansinprocess@metrocu.org.
FAQs
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