GAP with Deductible Assistance

Optional protection for your vehicle loan – and your finances.

GAP with Deductible Assistance: Optional protection for what your auto insurance may not cover.

If your vehicle is deemed a total loss due to an accident or theft, you may wind up owing more on your loan than your auto insurance will cover. GAP may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss.

If your vehicle is damaged, but not deemed a total loss, GAP with Deductible Assistance may be able to relieve some of the financial burden by allowing the deductible amount to be applied to your loan when the repairs cost more than your deductible, reducing what you owe.

Optional financial protection on your vehicle loan that helps you drive with confidence. Talk to Soo Co-op Credit Union today about how we can help protect you from sudden out-of-pocket expenses with GAP with Deductible Assistance.

GAP, which includes deductible assistance, is not insurance; it is an optional debt cancellation product. GAP 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 the amount financed under your contract 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. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO or SC may be canceled at any time during the loan and receive a refund of the unearned fee.
© TruStage
GAP-3415645.3-0124-0226

GAP Plus with Deductible Assistance

Optional financial protection on your vehicle loan that helps you drive with confidence.

Don’t let a total loss become a financial loss, learn more about GAP Plus with Deductible Assistance.

If your vehicle is deemed a total loss due to an accident or theft, you may wind up owing more on your loan than your auto insurance will cover. GAP Plus with Deductible Assistance may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss and may help reduce your next loan at the credit union, making it easier to get the replacement vehicle you’ll need. Also, if auto repairs cost more than your deductible, the deductible amount is applied to your loan, reducing what you owe.

Optional financial protection on your vehicle loan that helps you drive with confidence. Talk to Soo Co-op Credit Union today about how we can help protect you from sudden out-of-pocket expenses with GAP Plus with Deductible Assistance.

GAP, which includes deductible assistance, is not insurance; it is an optional debt cancellation product. GAP 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 the amount financed under your contract 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. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO or SC may be canceled at any time during the loan and receive a refund of the unearned fee.
© TruStage
GAP-3415626.3-0124-0226