The
GAP Advantage is an optional benefit that gives you peace
of mind. If your car is "totaled" or stolen and
not recovered, GAP pays the difference between your primary
carrier insurance settlement and the payoff of your loan
or lease, less delinquent payments, late charges, refundable
service warranty contracts, and other insurance related
charges.
That's
Not All… GAP Advantage also pays an additional $1000
towards the financing of a new vehicle, as long as you finance
the new vehicle with us.
The
following is a typical example of how GAP Advantage comes
through for you:
| Original
Purchase Price |
$25,000
|
| Loan
balance after one year |
$21,000
|
| Insurance
settlement covering vehicles current value |
$16,000
|
| Your
remaining unpaid loan balance |
$5,000
|
| GAP
pays the difference |
$5,000
|
| GAP
also pays |
$1,000
|
| ---------------------------------------------------- |
| TOTAL
GAP Advantage Benefit |
$6,000
|
GAP
Advantage is available to you for only $225, which can be
paid upfront in cash or can be factored into your monthly
loan payment. Call or stop by for more information about
the GAP Advantage.