Exclusive Offer
Hit the road this summer with rates as low as 4.49% APR!2
Whether you’re replacing an aging car, making room for your growing family, or finally driving something you love, we’re here to help make it happen.
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Guaranteed Asset Protection (GAP) Advantage
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.
With GAP Advantage, you receive:
- GAP Benefit: $3,000 to pay off your loan
- GAP Advantage Benefit: $1,0002 toward 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!
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?
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.
