On average, the typical new car loses 11% of its value the second you drive it off the lot.* And, if your vehicle is totaled or stolen and not recovered, your standard auto insurance policy may not cover the remaining balance of your auto loan, leaving you with a balance on a vehicle you can no longer drive.
A totaled car does not have to be a total loss when you have GAP Advantage with PowerBuy™**. GAP Advantage with PowerBuy™ can cover the remaining balance of your loan AND give you a minimum of $1,000 additional funds to finance your next vehicle with us.
**GAP Advantage with PowerBuy is considered insurance coverage in some states. Your purchase of GAP Advantage with PowerBuy is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation of the terms.