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Guaranteed Asset Protection Advantage

GAP Advantage Protects Your New Auto Loan

for Only $495!



What is GAP Advantage?

Guaranteed Asset Protection Advantage, or GAP Advantage, is a voluntary, non-insurance program offered as protection on a new or used vehicle that is financed or leased. It is a supplemental benefit that enhances, rather than replaces, your standard comprehensive, collision, or liability coverage. GAP Advantage waives the difference between your primary insurance carrier’s settlement and the payoff of your loan. In other words, it protects the “gap” between your vehicle’s value and the amount you still owe in the case it is damaged beyond repair or stolen and never recovered.



How Does GAP Advantage Work?

Depending on where you live, the established market value of your vehicle could be less than the actual balance you owe. In the event of a total loss or theft, GAP Advantage waives the difference between your primary insurance carrier insurance settlement and the payoff of your loan or lease, less delinquent payments, late charges, refundable service warranty contracts and other insurance related. Included in the deficiency balance is the deductible up to $1,000.

GAP Advantage covers the difference between your outstanding loan balance and the actual cash value (ACV) of the vehicle up to the maximum LTV%. GAP Advantage may also cover your insurance deductible if there is a “gap” after the primary insurance settlement is paid. (The deductible is covered as part of the deficiency balance settlement. It is not paid directly to you.)

Additionally GAP Advantage provides you with a credit of up to $1,000 towards the financing or lease of a replacement vehicle if done with the same financial institution within a certain time period.

Your one-year-old financed vehicle is totaled beyond repair…

Your loan balance is $15,000.

Your vehicle’s market value is $11,000.  
Less your insurance deductible of $ 500.

Your insurance company settlement is only $10,500.
The total amount you owe without GAP Advantage is $4,500. Ouch!

TOTAL AMOUNT YOU OWE WITH GAP ADVANTAGE: $0! PLUS $1,000 credit towards the financing of your replacement vehicle!



Act Now! Protect Your Investment for Only $495!

• $1,000 towards the financing of a replacement vehicle
• No model, mileage or year restrictions
• 60 day refundable "free look" period
• Waiver of insurance deductible up to $1,000 (*available in most, but not all, states)

Complete this form for more information about GAP Advantage.

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