Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection (GAP) is an optional policy that covers the remaining deficiency balance on a totaled vehicle after the insurance pay out. This typically benefits the customer financially in that they are not stuck with paying the remainder of the loan on an undrivable vehicle.

Related Articles:

• How GAP Can Reduce Your Financial Risk
• Don’t Miss Out on These 4 “New Car” Perks with Your Used Car
• What Dealer Options Should You Buy with a Used Car?