GAP

Get essential protection for your vehicle loan—and your finances. Vehicle loan protection for what your auto insurance may not cover for a wrecked vehicle.

That’s where GAP comes in.

If your vehicle is deemed a total loss due to an accident or stolen, there can be a significant gap between what you owe on your loan and what your auto insurance will cover. GAP may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss. GAP can also help reduce your next loan or lease with FMFCU, allowing $1,000 to be waived from your replacement vehicle.

GAP Chart showing difference between loan balance and insurance settlement

GAP PLUS WITH DEDUCTIBLE ASSISTANCE is an additional benefit for protected vehicles (includes motor vehicles only). GAP Plus with Deductible Assistance may reduce or even eliminate that shortfall should your vehicle be deemed a total loss. Additionally, if auto repairs cost more than your deductible, the deductible amount is applied to your loan, reducing what you owe.

TO GET GAP PLUS WITH DEDUCTIBLE ASSISTANCE, OR FOR MORE INFORMATION, PLEASE VISIT YOUR LOCAL FMFCU BRANCH.

GAP 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. 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.