GAP Protection

gap logo

Protect yourself and your vehicle investment with GAP Protection.

You could lose more than your vehicle if it is declared a total loss due to an accident or theft. You could lose your investment.

In the early years of a vehicle loan, your loan balance could be higher than the actual cash value of your vehicle. Most insurance policies only cover the value of your vehicle, something that rapidly declines during the first few years of ownership. With this protection, you can cover the "gap: between the value of your vehicle and the amount you might still owe.

The following is a typical example of how GAP Protection works:

  • After one year, the vehicle you purchased for $27,000 is valued at just $20,000.
  • You still owe $24,000 when it is declared a total loss due to accident or theft.
  • Most insurance policies will only reimburse you for the value of your vehicle, $20,000, leaving you to pay the ramaining loan balance of $4,000.

GAP Protection will take care of that $4,000 for you.

Don't leave your financial well-being to chance. GAP Protection will cover your vehicle for the term of the loan or lease in many cases up to 84 months. Additionally, programs are available that qualify you for an additional discount allowance when you go back to the issuing ealer to purchase your replacement vehicle.
GAP Protection is an important and affordable expense that can be included in the total cost of financing. Protect your vehicle investment, not just it's value, with GAP Protection.

Don't leave your financial well-being to chance.
Protect your vehicle investment, not just its value, with GAP Protection.

Claims: IAS state-of-the-art admnistration and claims processng s supported by fast and friendly customer servce. Claims Center: 800-346-6469 or www.fasterclaims.com.
This page is a summary of possible benefits available. Certain restrictions and limitations may apply. Please refer to the actual debt relief waiver addendum contract for seecific details and limitations.

chart

Carroll County Chrysler
1004 South Main St
Berryville, Arkansas
870-423-2100

Copyright © 2008 Carroll County Chrysler