Vehicle Protection Plans
Visit any branch or call our Contact Center at 800-276-8324 for a quote on vehicle protection plans designed to protect your vehicle investment and your family's financial future.
Payment Protection
As a result of unexpected illness, injury, or death eliminating their ability to earn a paycheck, even the most responsible person can be hit with bills they can't pay, damage to their credit score, and even repossessions. When you add Payment Protection to your loan 1 , you minimize the impact of the unexpected. In most cases, Payment Protection can:
- Eliminate all or part of your remaining loan balance.
- Protect your credit rating as loan payment obligations are made on your behalf.
- Prevent late fees.
- Create financial security for your family.
- Free-up extra cash when it's needed most.
Payment Protection is affordable, it may cover both you and your co-borrower, and it is a part of your regular payment - giving you one less thing to worry about.
1Your purchase of Payment Protection is optional. Whether or not you purchase Payment Protection will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Payment Protection. You should carefully read the contract for a full explanation of the terms.
GAP Advantage TM
In the event your vehicle is declared a total loss after an accident or theft, it's likely the standard insurance policy will fall short in covering your entire loan balance. In fact, if the average new car owner has their vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after their insurance settlement.
To protect yourself from a financial loss, move beyond the industry standard with coverage that'll benefit you through your entire loan term. GAP Advantage TM can pay up to the remaining balance of your auto loan after an insurance payout and give you additional funds to finance your next vehicle with us. In most cases, GAP Advantage TM will make up the difference between what your insurance policy covers and the amount you still owe.
GAP Advantage TM can give you peace of mind knowing your auto loan won't be a burden if an unexpected accident or theft occurs.
Your purchase of GAP Advantage TM is optional. Whether or not you purchase GAP Advantage TM with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions and exclusions that could prevent you from receiving benefits under GAP Advantage TM with PowerBuy. You should carefully read the contract for a full explanation of the terms.
Major Mechanical Protection (MMP)
With Major Mechanical Protection (MMP), you can protect yourself from costly repairs and enjoy your vehicle longer. The total cost of MMP is often far less than the cost of a single repair! Pay for this protection once, and in most cases you will not have to pay anything more than a small deductible should a breakdown occur. Your coverage may include all or some of the following benefits*:
- Comprehensive repair coverage.
- 24-hour roadside assistance.
- Lost key and lockout assistance.
- Emergency tire repair.
- Rental car reimbursement.
- Trip interruption expense reimbursement.
- Flexibility when getting repairs done - can be used at most licensed repair facilities.
- MMP transfers to a new owner, which adds to resale value of your vehicle.
* Coverages vary
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