Protect the Investment in Your Vehicle
Did you know that if you vehicle is stolen or totaled in a major accident, your loss could add up to more than its value?
As you might be aware, the value of any vehicle declines rapidly during the first few years of ownership. Most insurance policies, however, only protect the investment in your vehicle at the time of loss, which means that the settlement you receive could be less than the amount you owe.
Now you can protect the investment made in your vehicle with Guaranteed Asset Protection (GAP) Advantage. GAP Advantage waives the “gap” between the vehicle’s value and the amount you still owe, including the insurance deductible. Additionally, it provides you with a credit of $1,000 to apply towards the financing of a replacement vehicle, if the financing is undertaken at the same financial institution.