GAP*

What is GAP?
How much does a GAP product cost my customer?
Are GAP products transferable?
Why does my customer need a GAP?
What is GAP Care Advantage?
What does GAP Care Advantage cover?
What are the benefits to me as a dealer for offering GAP Care Advantage?

What is GAP?
GAP is an acronym for Guaranteed Asset Protection. The GAP product covers the difference between the net balanced on the vehicle finance contract and the primary insurer's settlement in the event of a total loss.

How much does a GAP product cost my customer?
GAP protection costs just a few dollars a month and can be conveniently made part of your customer's monthly vehicle payment.

Are GAP products transferable?
No, GAP products cannot be transferred.

Why does my customer need a GAP?
Depending on how much they financed and for how long, your customers could be at risk for thousands of dollars over several years. GAP coverage provides them an economical way to manage their risk for this exposure.

What is GAP Care Advantage?
GAP Care Advantage is a GAP product that is underwritten and administered by GMAC Insurance companies.

What does GAP Care Advantage cover?
GAP Care Advantage covers the borrower's (or customer's) responsibility for the "gap" amount between the net balance of the finance contract and the primary insurer's settlement in the event of a total loss.
*Not available in all states.