GAP Coverage

The Last Thing You Want to Think About Right Now is a Total Loss on Your New Vehicle… But You Should!

The moment you drive your vehicle off the lot, it depreciates by an average of 20%, and you can count on roughly a 15% decline in value each year for the next four years. The gap between the amount you owe on your vehicle and the amount it is worth can be quite substantial, particularly in the first four years of ownership.

If your vehicle is stolen or damaged and deemed a total loss, you are responsible for paying the difference of what you owe and what your insurance company says your vehicle is worth. GAP PLUS can help cover the difference and potentially save you thousands of dollars!

What is the “PLUS”?

The “PLUS” is the additional benefit of a $1,000.00 deduction toward your next Oahe FCU vehicle loan if financed within 90 days of the GAP claim settlement.