When shopping for a new vehicle, consider GAP coverage. GAP, or Guaranteed Asset Protection, is a supplement to your primary insurance.
When you purchase a vehicle, in the first two or three years, depreciation occurs faster than the reduction in the loan balance. If a theft or total loss occurs, your insurance company will pay only the actual cash value of your vehicle. The actual cash value may not pay off the balance of your loan. You are left with a gap, an unpaid balance still owing your lender.
GAP coverage from MountainCrest Credit Union covers this gap with significant savings over the cost of the coverage at a dealership. The low cost can be rolled into your loan payment.
Get an online GAP quote or simply ask your loan officer for details.
MountainCrest Credit Union's Mechanical Breakdown Protection (MBP) can provide significant savings over the life of your car or truck. Once your vehicle's factory warranty is up, you could be stuck paying for costly repairs; MBP coverage may eliminate these out-of-pocket expenses.
The credit union offers Mechanical Breakdown Protection at a significant savings over the cost of coverage at a dealership. The low cost can be rolled into your loan payment.
Get an online quote or simply ask your loan officer for details.