GFA Federal Credit Union

Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection coverage

Guaranteed Asset Protection gives you added peace of mind.

The second you drive your new car off the lot, it drops in value.  Up to 22% in one year.1 This creates a gap in coverage

Guaranteed Asset Protection (GAP) Plus can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out of pocket expenses if your vehicle is totaled or stolen.  GAP Plus may cancel part of your next loan with GFA, when you purchase a replacement vehicle.  GAP Plus can help lighten the financial burden for you and your family.

Speak with a Better Banking Representative today to sign up for GAP Plus Coverage at 978-632-2542.

1 % for a typical vehicle in America. Edmunds, “How long should my vehicle loan be?”, https://www.edmunds.com/g00/car-loan/how-long-should-my-car-loan-be.html?i10c.encReferrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8%3D&i10c.ua=1&i10c.dv=14 March 2015.

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Insurance products are not insured by NCUA, MSIC or any Federal Government Agency; are not a deposit of, or guaranteed by the Credit Union or any Credit Union Affiliate; and may lose value. Any insurance required as a condition of the extension of credit by GFA Federal Credit Union need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer's choice.

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