Life is unpredictable. Protect your loan with one of our loan protection options.
Learn more about Auto LoansHow to File a Loan Protection Program Claim
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In the event your vehicle is “totaled” or stolen, your primary insurance company settlement can be significantly less than the outstanding balance on your loan or lease. This may create a deficiency balance or a "gap" resulting in a serious financial hardship for you. Guaranteed Asset Protection (GAP) covers the loan balance that your primary insurance carrier did not cover.
GAP Advantage is add-on coverage that pays an additional $1,000.00 toward the purchase or lease of a replacement vehicle.
Mechanical Breakdown Protection (MBP), also known as an extended warranty, is automobile protection that extends beyond the manufacturer's factory warranty and covers repairs of unexpected mechanical breakdowns. For the period of time the contract is in effect, you are assured that covered components of your vehicle will be repaired in the event of failure, including labor, subject to any applicable deductible.
Auto Essentials is a bundled Vehicle Protection Plan (VPP) package of coverages that protects you from normal driving incidents and out-of-pocket expenses that aren't typically covered by insurance policies. manufacturer's warranties or extended warranties.
Debt Protection helps relieve the financial stress and worry related to making payments when your life takes an unexpected turn. Your loan payment will be cancelled without penalty, added interest, or being reported as delinquent to the credit bureau should a covered loss occur.
Depreciation Protection (DPW) provides protection on your vehicle equity and hedges against depreciation over the life of the loan. In the event of a total loss, DPW provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of loss up to a minimum waiver benefit of $10,000, or the outstanding loan balance.
