Financial Plus Credit Union

Guaranteed Asset Protection

Don't get stuck making monthly payments on a "phantom" vehicle.

Guaranteed Asset Protection (GAP) is a service that can protect you and your finances. When you drive a car off the lot, it depreciates. It's not worth as much as you paid for it, and it's more than likely not worth the payback amount of your loan. If your car were to be stolen or totaled, regular car insurance reimburses you only the cash value of your car. GAP from Financial Plus  will pay your deductible up to $1,000, the remaining loan balance, plus $1,000 towards the purchase of your next vehicle financed at Financial Plus.