GAP Equity RetentionTM Program – New Release
Optional Coverages Available:
- Rental car expenses incurred prior to purchasing your replacement vehicle!
- 24/7 Roadside Assistance
RETAIN YOUR EQUITY INVESTMENT
When your vehicle is totaled, either by accident or theft, a GAP Waiver Program may help you pay the difference between your insurance settlement and your loan balance, but what about the equity investments you have made? Most likely, your insurance company is not going to make you whole by compensating you for all of the payments you have made towards the principal loan balance up until the time of the loss. And, what about your down payment? Unless you have some form of protection in place, it may be gone forever.
Consider GAP EQUITY RETENTION™ as THAT EXTRA SECURITY NET that specifically protects your equity investment. Traditional GAP Waiver Programs are also available to help you minimize your losses in the event of a total loss.
Choose Your Level of Protection
- Protect your down payment
- Protect the equity you built by making your monthly payments up until the time of the total loss
Or, Choose Both!
Benefit is provided in the form of a credit upon returning to a participating dealership to purchase your replacement vehicle.