Vehicle Protection

Rising prices means longer loan terms and larger monthly payments. An accident or repair could cost you more than you imagined. Consider whether or not you are adequately protected with auto insurance alone.

GAP Plus —Guaranteed Asset Protection Plus

If your vehicle is stolen, accidentally damaged beyond repair or otherwise declared an insured total loss, your auto insurance will only pay for the current value of the vehicle. If you owe more on your vehicle than it’s worth, you remain liable for payment of the difference between the insurance settlement and your loan balance. This deficiency can easily amount to thousands of dollars; money that comes out of your pocket for a vehicle that you are unable to drive.

GAP Plus is an affordable way to fill the gap. For just a few dollars a month, you can protect yourself against this kind of unexpected expense.

Benefits of GAP Plus

• It can help waive the difference between your actual cash value and your loan
  balance if your vehicle is totaled or stolen.*
• It may allow for a primary insurance deductible up to $1,000.*
• When the cost of repairs are high, it’s more likely a vehicle will be declared a total loss. GAP can help get you back on the road again. 
• The GAP Plus benefit can provide a $1,000 credit toward your next vehicle loan if financed with the same financial institution within 90 days of the GAP claim settlement.*

Why GAP Plus?

Let’s put this into perspective: At the time of loss, your loan balance is $31,000. The insurance company places the vehicle’s value at $27,000. After a $1,000 deductible they provide a settlement of $26,000. You still owe $5,000 on a vehicle you can no longer drive. GAP can help cover part of that balance, and in some cases, may cover all of the balance.**

* May not be applicable; see your GAP Addendum for details. Deductible coverage is not available in the state of New York.
** You will remain responsible for any outstanding balance that may not be waived, including late payments or fees accrued.GAP may vary by state or lender and may be reduced subject to terms, conditions, exclusions and state-specific language; see your GAP Addendum for details.

Mechanical Repair Coverage

As your vehicle ages, the risk and cost of repairs increases along with it. When your vehicle’s manufacturer’s warranty has expired or if it doesn’t cover certain mechanical problems, you could be stuck with some unexpected expenses over and above your vehicle loan. Repairs can be expensive. That’s why considering the Route 66 Extended Warranty is a smart financial move.

The Route 66 Extended Warranty is the most
comprehensive coverage available, and provides coverage
for virtually any make and model of automobile. Every
extended warranty includes:

• Zero Deductible
• 24/7 /365 Roadside Service
• Rental car benefits
• 30-Day Money Back Guarantee
• Nationwide Coverage
• Transferable if you sell the vehicle

Route 66 Extended Warranty’s open enrollment allows you to purchase your warranty at any time during the ownership of your vehicle, but don’t wait! Drive with peace of mind today! Talk to your loan officer for more information and to qualify your vehicle.

Download the Route 66 Extended Warranty App for iOS