Don't be Blindsided by a Loss.
Add GAP Plus Coverage to your
New Car Loan!
As the prices of new cars and light trucks continue to skyrocket, so does the potential for loss if that car or truck is destroyed or stolen. Many consumers have found themselves in for a rude awakening when they discover that their car insurance settlement does not cover the amount they still owe on their vehicle! In most cases, this amounts to thousands of dollars the borrower must still pay, even though there is no longer a vehicle to show for it!
Statewide doesn't want to see this happen to you. To help protect you against a loss of this type, we offer GAP Plus, a product designed to cover the difference (up to $50,000) between the insurance settlement and your loan balance. GAP Plus pays the remaining balance of the loan, covers up to $1,000.00 of your deductible, and gives you $1,000.00 towards the purchase of a new vehicle! How about that for peace of mind?
Many other lenders and auto dealers offer this type coverage (without the $1,000.00 "new purchase" feature) for more than $400.00. We offer GAP Plus for only $275.00, which can be paid up front, or financed into the car loan! This is inexpensive protection for a very costly problem. Want to know more? Click here ! GAP Plus - only from your Credit Union!