Guaranteed Asset Protection (GAP) Plus


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 your credit union, when you purchase a replacement vehicle. GAP Plus can help lighten the financial burden for you and the people you care about. Get GAP Plus today so you can worry a little less about tomorrow.

Offered by: Nizari Progressive Federal Credit Union

  Motor Vehicle* Powersport** Watercraft*** RV****
Maximum Benefit $50,000 $50,000 $50,000 $50,000
Maximum Loan/Lease-to-Value 125% 125% 125% 125%
Maximum Loan/Lease Term 84 months 84 months 84 months 84 months
Maximum Loan/Lease Amount $100,000 $100,000 $50,000 $125,000

*Motor Vehicle: Private passenger cars, vans, and light trucks less than 10,000 GVW for commercial or personal use.
**Powersport: Motorcycle, ATV, snowmobile, or personal watercraft for personal use.
***Watercraft: For personal use.
****RV: For personal use.

Your purchase of MEMBER’S CHOICE Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid.
 
Talk to your loan officer to purchase GAP Plus today!



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"APY" refers to Annual Percentage Yield
"APR" refers to Annual Percentage Rate

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