GAP:
Guaranteed Auto Protection (GAP) offers protection against financial liability for individuals who finance a new or used vehicle. The amount you still owe on the vehicle is referred to as teh gap. GAP coverage was created to protect the consumer from these risks and provides:
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Coverage terms up to 84 months
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Coverage available in all states
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Automobile coverage for both new and used vehicles
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Protection of the customer’s credit rating
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Increased loan/lease product sales
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Additional source of income
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Increased repeat sales opportunities
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Reinsurance program
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