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Guaranteed Asset Protection

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When you buy a new or used vehicle, there’s no way to know if it will be stolen or totaled in an accident. And, many times primary auto insurance settlements don’t pay off your loan balance. With the purchase of Guaranteed Asset Protection (GAP), you're helping to protect your vehicle investment against a possible financial loss.

The GAP fee can be included with your monthly payments or paid separately by cash, check or possibly through an electronic funds transfer. If your vehicle is stolen or totaled in an accident and there’s a difference between what you owe on your vehicle loan and the value of your vehicle, GAP will help cancel the difference based on the terms of your member agreement. By adding GAP while signing your loan paperwork, you’re helping take responsibility for your financial future. Your loan officer can show you how.

Vehicles often depreciate rapidly, and vehicle loan terms have typically been increasing in duration. The typical value of a new vehicle is 78% after one year and only 45% after five years. GAP helps you prepare for the unexpected!

Your purchase of GAP insurance is optional and will not affect your application for vehicle financing or the terms of any credit agreement required to obtain a loan.

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