Routing Number: 272480694

Search
Close this search box.
Sign In

Sign In

Sign In

Sign In

Auto Protection

STAY IN THE DRIVER'S SEAT WITH

GAP Advantage™

Is Your Vehicle Investment Protected?

According to CARFAX, new vehicles lose about 45% of their value within three years, and about 60% of their total value within five due to depreciation.

In the event your vehicle is declared a total loss after an accident or theft, it’s likely the standard insurance policy will fall short in covering your entire loan balance. In fact, if the average new car owner has their vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after their insurance settlement.

To protect yourself from a financial loss, move beyond the industry standard with coverage that’ll benefit you through your entire loan term.

GAP Advantage™ can pay up to the remaining balance of your auto loan after an insurance payout and give you additional funds to finance your next vehicle with us.

In most cases, GAP Advantage will make up the difference between what your insurance policy covers and the amount you still owe. So, instead of paying off a substantial loan balance for a vehicle you can no longer drive, you could be relieved from your remaining loan balance and have funds to put toward a down payment on a new car.

Give yourself peace of mind knowing your auto loan won’t be a be a burden if an unexpected accident or theft occurs.

To learn more, call your loan officer or service representative today!

Your purchase of GAP Advantage is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation of the terms.

DEPRECIATION COVERAGE*

PowerBuy™

What is PowerBuy?

All vehicle values depreciate – some more quickly than others. If you experience a total loss or unrecovered theft, your primary insurance carrier will only pay you the actual cash value at the time of loss. But what about the value of your vehicle lost over time?

PowerBuy covers the difference between the cash selling price of your vehicle and your primary insurance carrier settlement, so you can get back on the road in a replacement vehicle. 

Protect Your Investment up to $10,000*
Receive a benefit up to $10,000 in depreciation coverage up to 60 months from the date of purchase.

To learn more, call your loan officer today!

Maximum PowerBuy benefits are not always paid to vehicle purchase price.
*Programs and coverages may vary be state/lender. Please refer to the contract for additional terms, conditions, limitations, and exclusions. This information is for marketing purposes only.

MAKE THE MOST OUT OF YOUR VEHICLE INVESTMENT

Major Mechanical Protection (MMP)

Whether you plan on selling your vehicle after a few years or plan on driving it for many years to come, you may find yourself eventually dealing with a repair or breakdown. And with the rising cost of labor and parts, you could find yourself dealing with high out-of-pocket expenses.

 With Major Mechanical Protection (MMP), you can protect yourself from costly repairs and enjoy your vehicle longer. The total cost of MMP is often far less than the cost of a single repair! Pay for this protection once, and in most cases you will not have to pay anything more than a small deductible should a breakdown occur.

Your coverage may include all or some of the following benefits*:
  • Comprehensive repair coverage
  • 24-hour roadside assistance
  • Lost key and lockout assistance
  • Emergency tire repair
  • Rental car reimbursement
  • Trip interruption expense reimbursement
  • Flexibility when getting repairs done — can be used at most licensed repair facilities
  • MMP transfers to a new owner, which adds to the resale value of your vehicle

*coverages vary

Protect yourself for the road ahead— to learn more about MMP, call your loan officer or service representative today!

Your purchase of a Major Mechanical Protection contract is optional. Plans are available for most new and used domestic and imported vehicles. Speak to your service representative for vehicle eligibility criteria and more details. Major Mechanical Protection is considered insurance coverage in some states.