F&I Products

Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection

Waives the outstanding vehicle loan or lease balance on a vehicle should your customer experience a total vehicle loss due to damage or theft. Not available for lease customers in Texas.

Benefits of GAP Care Advantage®

Insured by MIC Property and Casualty Insurance Corporation, GAP Care Advantage protects covered customers against financial loss and offers:

  • Optional commercial vehicle coverage
  • Up to 150% loan to value (LTV)
  • Terms up to 84 months

A reduced chargeback option is available in some areas. (See the Gap Care Advantage Addendum for details.)