GAP Insurance & Mechanical Breakdown Protection
Guaranteed Asset Protection (GAP) Insurance
When you get an Auto Loan with Garden State FCU, you can elect to receive GAP Insurance. It covers the difference between your outstanding balance and the payout from the auto insurance company.
- Costs only $350
- Get $1,000 towards your next vehicle purchase if you finance with the credit union
- Auto Deductible Reimbursement covers your deductible on any vehicle that you have under your auto policy
If something breaks down on your vehicle, you can take your new and used car to get it fixed at any licensed repair shop.
- Transferable to the next vehicle owner
- Don’t need a loan at the credit union to purchase it