Did you know that your auto insurance may not fully pay off your loan if your vehicle is totaled or stolen? Your insurance will pay what your car, truck or motorcycle is worth at the time of loss - not what you owe on your vehicle. Beach Municipal FCU offers Guaranteed Asset Protection, known as GAP Advantage, which covers the difference between the actual cash value of your vehicle and the loan payoff. The minute you drive off the lot, your car’s value can depreciate up to 15%. With GAP Advantage, though, you’re covered from Day One…and that’s a very good thing.
And there’s more. GAP Advantage also gives you up to $1,000 towards your down payment of a replacement vehicle when you finance that vehicle with Beach Municipal FCU!
GAP Advantage is also available when you refinance a previously purchased vehicle through Beach Municipal FCU. To see how refinancing can save you money, click here!
For more information on how you can take advantage of GAP Advantage, contact us today at 757.333.7787.