Guaranteed Asset Protection

 
 
 
 

POWERED BY  Easy_Care

 

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All of our protection and coverage options are backed by EasyCare, the only Motor Trend recommended Best Buy for extended coverage options. Rest assured that no matter where you are at or what is happening to your vehicle, you are in good hands!

Our Guaranteed Asset Protection (GAP) coverage protects you from paying large out-of-pocket expenses for the GAP between your insurance settlement and the balance of your loan in case your vehicle is totaled or stolen. It will also cover up to $1000 of your insurance deductible in the case of a total loss.

DESCRIPTION

Buying a car opens doors to new experiences and unforgettable memories, but it also opens doors to potential unexpected expenses. Guaranteed Asset Protection (GAP) coverage is there to step in when a total loss situation arises and you owe more on your vehicle than it is worth. GAP provides peace of mind in knowing you will not be stuck paying off a loan for a vehicle you can no longer drive and gets you into another vehicle as soon as possible.

BENEFITS

-Covers up to $50,000 of the gap between your insurance settlement and your loan or lease balance
-Covers up to $1,000 of your insurance deductible
-Covers loans up to 150% of your vehicle’s value, which leaves room to include other investments to protect your vehicle
-Protects your investment for the term of your loan, up to seven years

EasyCare GAP Protection must be purchased at the time of vehicle purchase. This one-time fee can be included in the financing of your new or used car, truck, or SUV.

HOW GAP WORKS

Let’s put it into perspective: You owe $14,000 on the loan or lease of your vehicle. Your insurance settlement value is $12,000, and your deductible is $1,000. After your deductible, you receive $11,000 from the insurance company. This leaves you with a gap of $3,000 still owed on a vehicle you can no longer drive.

Guaranteed Asset Protection


 

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Our extensive inventory gives you the opportunity to meet any budget or feature needs. Once you select your vehicle, feel free to reach out to us with any questions regarding financing your New or Pre-Owned car and protection packages available.

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Whether you are applying online to save time or to see what you are approved for, we are here for you. Our Business Processors are ready to review your application and find the right lender and terms for you. Apply online today and our team will go to work!

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Nelson Mazda Norman 35.2285367, -97.4853014.