Suppose your vehicle is stolen or totaled in an accident. GAP insurance helps make up the difference between the insurance settlement and what you owe on your auto loan. Cars depreciate quickly. So, if the vehicle is totaled, your insurance often doesn’t pay out as much as you owe on the car. In this case, this is where GAP coverage kicks in. You’re well prepared for the unexpected auto accident when you have GAP insurance coverage. It helps you avoid paying out of pocket for a destroyed vehicle or rolling over payments for a car no longer in use.
For our warranty program, our partnership with IWS allows us to offer you many comprehensive and flexible warranty programs that you could also get through the dealer, but at a fraction of the cost. Together, Money FCU and IWS help you protect your investment and relieve the pressure of unexpected repairs.
Additionally, you can add a warranty at any time, whether your auto loan is financed with Money FCU or with another bank or credit union. Simply contact one of our loan specialists to discuss your options and pricing.