Protect Your Vehicle Against Mechanical Breakdown and Total Loss

GAP Advantage

In most circumstances, your vehicle is worth a lot less the second you drive it off the lot. Protect the investment made in your vehicle with GAP Advantage.

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. GAP Advantage also provides you with a $1,000 credit towards the financing of a replacement vehicle if financed or leased with the same financial institution.

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, subject to limitations and exclusions including a maximum loan-to-value limitation which may cap the benefit you receive. Included in the deficiency balance is the deductible up to $1,000.

Consider This

Your loan balance is $15,000
Your insurance company settlement is

based on your vehicle’s market value
less your insurance deductible

Total amount you owe without GAP Advantage $5,000
Total amount you owe with GAP Advantage $0
PLUS $1,000 credit towards the financing of your replacement vehicle!

Route 66 Extended Warranty

Extend Your Car's Warranty and Avoid Costly Repairs. Protection Plans to Meet Your Needs.

What is MBP?

Mechanical Breakdown Protection, also known as a Vehicle Service Contract or Extended Warranty, is automobile protection that extends beyond the manufacturer’s factory warranty and covers repairs of unexpected mechanical or electrical failures.  For the period of time the contract is in effect, you are assured that covered components of your vehicle will be repaired in the event of a failure.  Some additional benefits included with MBP are:

  • $0 Deductible
  • Nationwide Coverage
  • 24/7/365 Emergency Roadside Service
  • Towing and Rental Car Allowance
  • Battery and Flat Tire Assistance

Depreciation Protection Waiver

Your Peace of Mind Grows with Our Protection

What is DPW?

Depreciation Protection (DPW) kicks in if your vehicle is ever totaled or stolen and not recovered at anytime over the life of the loan. It waives some or all of your loan balance in the event of the total loss of your vehicle. The waiver benefit is equal to the difference between your vehicle’s MSRP or retail value at the time of DPW purchase, less the amount of your loan balance at the time of total loss. (The benefit cannot exceed the DPW addendum limit or your outstanding loan balance at the time of total loss.)

Benefits of DPW

  • Benefit triggered by collision or comprehensive total loss, including theft
  • Life of loan protection
  • No mileage, make or year restrictions
  • Open enrollment
  • 100% refundable for first 60-days
  • Accidental Death protection included, which provides for cancellation of up to $1,000 of your outstanding loan balance if you die in an accident

DPW is ideal for those who:

  • Put money down or have equity in the vehicle
  • Make accelerated loan payments
  • Desire protection from vehicle depreciation
  • Desire peace of mind knowing the money invested in a vehicle could be protected

Ask a Financial Services Representative for more details.