Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection (GAP) is Loan Deficiency protection designed to eliminate your unpaid net loan balance in the event your vehicle is stolen or damaged beyond repair.
Many people assume that when they lose their vehicle, the insurance company will simply pay off the loan. This is not true. The insurance company will only pay the current value of the vehicle. If this is less than what you owe on your loan (which is not uncommon), you are stuck owing the remaining balance. This puts you at a disadvantage when replacing your vehicle.
With GAP from Vermont VA FCU, you are protected from that scenario. Should you lose your vehicle through an accident or theft, the GAP will cover the net loan balance after insurance settlement AND pay you $1000 towards the purchase of a new vehicle if you finance it through Vermont VA FCU.
Get a quote right now by clicking here or contact a loan specialist at (802) 295-5104.
Mechanical Replacement Coverage (MRC)
Vermont VA FCU now offers a discounted vehicle warranty, also known as mechanical replacement coverage (MRC), with no deductible and no out of pocket, as the MRC provider pays your mechanic for repairs directly!
To get a quote, please contact us directly or click on this link:
Your credit union continues to offer a great value in helping you keep vehicle repair costs down.