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Guaranteed Asset ProtectionThere could be a big difference between what your insurance will pay and what you owe on a loan.
Most cars depreciate by thousands of dollars as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference or "gap" between your insurer's settlement and your loan balance.
MEMBER'S CHOICETM Guranteed Asset Protection (GAP) could save you thousands of dollars.
GAP is low-cost coverage that pays the potentially high cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.
It's easy to be covered.
Ask for “GAP Protection” when you apply for your auto loan so we can roll the payment into your auto loan payment. If you buy GAP Protection later we can bill you separately.
Call SLFCU at 505 293-0500 or 800 947-5328 for further details and a Guaranteed Asset Protection quote.
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