Guaranteed Asset Protection (GAP) Advantage

Guaranteed Asset Protection (GAP) Advantage

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Unexpected turns ahead? Stay protected and drive on with confidence.

Eliminate stress and keep more money in your pocket if your car is stolen or totaled.

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GAP Advantage

How GAP Advantage Works

Guaranteed Asset Protection Advantage (GAP Advantage) protects you against financial loss if your vehicle is stolen or totaled by reducing the difference between your insurance payout and the remaining balance on your loan¹.

Let’s say you purchase a vehicle for $25,500, and it’s later deemed a total loss by your insurance. At the time of the loss:

Your loan balance is: $23,000
Your insurance settlement is: $20,000

Without GAP, you’d be responsible for the $3,000 difference out of pocket.
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With GAP Advantage, you receive:

GAP Benefit: $3,000 to pay off your loan
GAP Advantage Benefit: $1,000²toward a new loan with JHCU

This means you're not only protected from a large unexpected expense—you’re also supported as you find your next ride!

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Why Choose GAP Advantage?

GAP Advantage is a one-time fee that’s added to your loan and included in your monthly payments. It’s not for everyone, but if your loan is more than your car is worth, GAP Advantage can help!

Reduces or eliminates "out-of-pocket" loan expenses after you lose your vehicle
You can finance a replacement vehicle sooner, with little or no balance carried over from your previous loan
Covers deficiency balances up to $50,000
Offered at a competitive rate compared to other providers
Can be added up to 12 months after your loan’s effective date¹

Ready to have peace of mind on the road ahead?

Helpful Resources

Major Mechanical Protection

Debt Protection

Free Financial Coaching

FAQs

Frequently Asked Questions

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Disclosures

*GAP Advantage claims must be filed within 90 days of the insurance settlement date.

¹GAP Advantage considered insurance coverage in some states. Your purchase of GAP Advantage is optional. Whether or not you purchase GAP Advantage will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage. You should carefully read the contract for a full explanation of the terms.

‍²GAP Advantage amount of $1,000 will be applied to your next vehicle financed at JHCU.

Routing Number:

252076235

NMLS#:

509565

Toll-Free Phone:

Johns Hopkins Credit Union (JHCU) is a federally chartered credit union completely independent from Johns Hopkins University, Johns Hopkins Health Systems, and any of the Johns Hopkins schools, hospitals, or programs. JHCU holds a license to use the “Johns Hopkins” registered mark. JHCU serves the employees, students, retirees and Alumni Association members of the Johns Hopkins University, employees and retirees of the Johns Hopkins Health System and its hospitals, and employees and retirees of other select entities. JHCU is wholly owned by its members. Neither Johns Hopkins University nor Johns Hopkins Health Systems select, endorse, or are responsible for the goods and services offered by JHCU.

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