GAP Advantage with ADR

What is Guaranteed Asset Protection?

Guaranteed Asset Protection (GAP) helps borrowers and lenders avoid financial loss by waiving all or a portion of the deficiency between a borrower’s payoff amount on their auto loan and the determined actual cash value of a vehicle in the event that a vehicle is totaled or stolen, up to a certain LTV maximum, less exclusions or limitations that may apply. This is a voluntary, non-insurance product. GAP Advantage also provides you with a $1,000 credit towards the financing of a replacement vehicle financed with our financial institution!

Did you know?
Our GAP program includes Auto Advantage (ADR)!

When you purchase GAP from Area Federal Credit Union, the primary borrower also receives Auto Advantage, which includes Auto Deductible Reimbursement (ADR) at no additional cost.

Key Features to GAP and ADR:

• Gap waives the difference between your primary insurance company’s settlement and the payoff of your loan balance up to a certain loan to value.
• $1000 credit towards a replacement vehicle financed with Area FCU.
• GAP may also cover up to $1000 of your deductible if there is a gap after your insurance settlement is paid.
• With ADR, all vehicles are covered that are owned and insured by the primary borrower and/or co-borrower.
• ADR pays up to $500 per loss with unlimited losses per year.

Click HERE for more information on GAP/ADR.

REAL-WORLD EXAMPLE:

PLUS $1,000 credit towards the financing of your replacement vehicle!

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