Will your insurance pay off your loan if your vehicle is deemed a total loss? Don't find out the hard way! In the event your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will usually cover only the actual cash value or market value of your vehicle less a deductible. This settlement could be significantly less than the amount you owe to your lender or leasing company. The final result is a financial GAP where you must make up the difference, which could cost thousands of dollars out of your pocket.
Why buy GAP?
GAP helps pay off your remaining loan/lease balance if your vehicle is stolen or damaged and is deemed to be a total loss.
GAP helps clear your credit allowing you to start fresh with a new vehicle purchase.
GAP is inexpensive and can be included as a small addition to your monthly payment.
Protect your auto investment for years to come with an extended warranty from Savannah Federal. We offer a complete line of coverage to keep your vehicle on the road.
Extended Warranty Features:
No deductible on covered parts and labor
24/7 Emergency roadside service
Rental car allowance
Most autos qualify for coverage
Cost of warranty can be included in your loan amount