GAP Plus
Guaranteed Auto Protection

WHY TAKE CHANCES WITH YOUR INVESTMENT?

Will you still be paying for your vehicle after it is gone? Many finance/lease customers don't realize that the vehicle they just purchased starts to depreciate - the moment they drive it off the lot. You probably assume that if your new vehicle is stolen or damaged beyond repair, your auto insurance coverage will pay off the remaining balance you owe.

You may be surprised to learn that the value your auto insurance company places on your vehicle may be substantially less than the amount you actually owe. The result is the financial "gap" and YOU must make up the difference. This "gap" liability could run you thousands of dollars.

Your credit union can add Guaranteed Auto Protection (GAP Plus) to your loan contract. With GAP Plus, you can be sure that you're not help responsible for unmanageable liability between your loan or lease obligation and what your auto insurance company will pay.**

WHAT IS GAP PLUS?

It's the difference between the actual cash or market value of a vehicle, as established by your auto insurance company, and its loan or lease pay-off amount.

GAP Plus also pays your auto insurance deductible up to $1,000 and $1000 toward a replacement vehicle.

HOW DO I GET GAP PLUS PROTECTION?

Simply ask your credit union for an acceptance form. No separate cash payment is required. And, the cost for GAP Plus can be added to your loan.

**This is an outline for Guaranteed Auto Protection (GAP). This is not an offer to sell or a solicitation. GAP Plus is not available in all states. For availability, coverage terms, limitations and exclusions, refer to the actual agreement.