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Guaranteed Asset Protection (GAP)***


Protect the investment in your vehicle

Protect the investment made in your vehicle with Guaranteed Asset Protection (GAP). GAP protects the “gap” between the vehicle’s value and the amount you still owe. It’s a non-insurance product made available via a loan/lease deficiency waiver. GAP can give you peace of mind by protecting you against the financial burden associated with the loss of your vehicle.

What does GAP protect?
GAP is designed for your protection whether you finance or lease a new or used vehicle. Ask your loan representative if your vehicle type is eligible for GAP.

How does GAP work?
GAP protection goes into effect when you need it most. With GAP, you have one less worry if your vehicle is totaled in an accident and can’t be repaired, or stolen and isn’t recovered.
GAP waives the difference between your primary insurance carrier’s settlement and the payoff of your loan. Included in this difference is your insurance deductible, up to $1,000****.

You stay in the driver’s seat
The following is a typical example of how GAP comes through for you:

  • Original purchase price..............................................................$25,000
  • Loan balance after one year......................................................$20,000
  • Insurance settlement covering vehicle’s current value.........$16,000
  • GAP WAIVES THE DIFFERENCE....................................................$4,000

TOTAL GAP BENEFIT..................................................$4,000


Now with an added benefit Auto Deductible Reimbursement.

Auto Deductible Reimbursement (ADR)

  • Pays up to five hundred dollars ($500) per Loss (limit of two losses per year) when a Loss is filed and paid by the auto insurance company for a Covered Auto the Member owns or leases evidenced by the title or registration, AND insures under an Auto Insurance Policy designating the Member as the Named Insured.

  • Loss means an event for which the auto insurance company has approved and paid a collision or comprehensive claim which exceeds the Auto Insurance Policy deductible for the Covered Auto.

  • Coverage is effective upon date of enrollment and will continue for three (3) years.

If the Member suffers a Loss during the benefit period which is covered by the Member’s Auto Insurance Policy, the Member may be entitled to reimbursement of the Auto Insurance Policy deductible amount up to five hundred dollar ($500) per Loss. To be eligible for reimbursement the Member must own or lease and insure the Covered Auto under an Auto Insurance Policy designating the Member as the Named Insured.

Get a Quote

For more information, please call 713-407-1755 or 1-800-392-5084.
Above loan calculation based on 60 month loan at 6% APR.


***GAP and ADR are provided by Allied Solutions, a Provider of Smart Financial. 

****GAP and deductible reimbursement benefits are available in most, but not all states. Please consult your financing representative for the availability of this important benefit.