Purchasing a vehicle?

Protect your investment with GAP Advantage.

GAP keeps you in the driver’s seat.

Guaranteed Asset Protection (GAP) Advantage, is a voluntary, non-insurance program offered as protection on a new or used vehicle that is financed.  It is a supplemental benefit that enhances, rather than replaces, your standard comprehensive, collision, or liability coverage.  GAP Advantage waives the difference between your primary insurance carrier’s settlement and the payoff of your loan.  In other words, it protects the “gap” between your vehicle’s value and the amount you still owe in the case it is damaged beyond repair or stolen and never recovered.

Protect your wallet

Once you drive off the lot, your vehicle is already worth less. Since most insurance companies base their claim payments on the current value of your vehicle, your loan could be higher than the value of your vehicle in the event of a total loss. Which means you could owe out-of-pocket money to pay off your loan.

GAP Advantage Key Benefits

Whether you’re buying a new or used vehicle, GAP Advantage can help relieve your worries – and the financial impact on your wallet – if the unexpected happens.

That’s because it waives the difference between your primary insurance companies settlement – and the payoff of your loan balance, up to a certain loan to value maximum (LTV) and subject to limitations and conditions.

The LTV compares the total amount originally financed to the vehicle’s value at the start of the loan, included in this waiver is your insurance deductible, up to $1,000.

Plus: GAP Advantage gives you a credit up to $1,000 toward the financing of a replacement vehicle, at the original financial institution and within a certain timeframe.


Your one-year old financed vehicle is totaled beyond repair…

Your loan balance is


Based on your vehicle’s market value


Less your insurance deductible


Your insurance company settlement is


For more information about GAP Advantage, please contact Campus Credit Union’s Loan Department at (316)867-4700.