GAP Advantage
In the event of a total loss, GAP Advantage covers the difference in a vehicle's value and the balance of your loan.
Depreciation Protection Waiver (DPW)
DPW protects the equity in your vehicle. It is a debt cancellation product that in the event of a total loss waives some or all of your loan balance.
Ideal for those who:
- Established equity in their vehicles with a down payment, rebate and/or trade-in value.
- Make accelerated loan payments.
- Desire protection from vehicle depreciation.
- Finance 85% or less and desire protection and peace of mind.
Featured Benefits:
- 60-Day Refundable “Free Look” Period
- No Model, Mileage or Year Restrictions
- Up to $500 Auto Deductible Reimbursement
- Cancels Up To $1,000 of Loan Balance in the Event of Accidental Death
Auto Deductible Reimbursement (ADR)
Included with GAP and DPW
- Pays up to five hundred dollars ($500) per Loss (UNLIMITED losses per the 3 year coverage period) when a Loss is filed and paid by the auto insurance company for a Covered Auto the Member owns or leases evidenced by the title, registration or loan document, AND insured under an Auto Insurance Policy designating the Member as the Named Insured.
- Loss means an event for which the auto insurance company has approved and paid a collision or comprehensive claim which exceeds the Auto Insurance Policy deductible for the Covered Auto.
Related Products
Disclosures
79. Deductible reimbursement is available in most, but not all states. Please consult your financing representative for the availability of this benefit.
Your purchase of GAP Advantage and DPW is optional. You can only purchase one of these products. Whether or not you purchase one of these products will not affect your application for credit or the terms of any existing credit agreement you have with us.