PROTECT YOUR LOAN AND VEHICLE
Protect Your Loan
How to Protect Your Loan and Vehicle
Guaranteed Auto Protection (GAP)*
In the event of theft or total loss of your vehicle, most insurance companies only pay the cash value of the vehicle at the time of the loss. Your remaining loan balance could be much greater than the cash value of your vehicle, creating a deficiency of several thousand dollars for which you’re liable.
The GAP Advantage from Advantis gives you peace of mind about your liability. If the vehicle you’re purchasing ever gets wrecked completely, or is stolen and not recovered, GAP Advantage pays an additional $1,000.00 toward the purchase or lease of a replacement vehicle. Not only will you receive the difference between the value of your vehicle and its unpaid loan or lease balance, you also get a head-start on financing a new or used replacement vehicle when you finance through Advantis Credit Union.
For more information on Guaranteed Auto Protection, please call us at 503-785-2528 and ask to speak to a loan officer, or fill out our online contact form.
Mechanical Breakdown Protection (MBP)
Your vehicle is a major investment, which is why it’s wise to purchase mechanical breakdown protection (MBP) from Advantis. MBP can help protect your investment by reducing the possibility of out-of-pocket expenses when your vehicle suffers an unexpected mechanical failure. Most importantly, MBP provides peace of mind so you can experience worry-free driving!
Features and benefits
- Nationwide protection
- 24-hour roadside assistance for the term of your coverage
- Rental vehicle assistance
- Transferable coverage if you sell your vehicle before your agreement expires
The cost of repairs
One in three vehicles experience a mechanical failure in any given year, and extended warranty owners will make several claims during the life of their contract. If your vehicle fails after the manufacturer's warranty expires and you don’t have an extended warranty, you’ll have no protection from unexpected repair costs that can total in the thousands of dollars.
Vehicles today contain high-tech sensors, electronics and computers that suffer unexpected failure and need to be replaced. While engines and transmissions are more reliable than ever, these high-tech components frequently fail. As vehicles become increasingly more complex, associated repair costs rise dramatically.
For more information on Mechanical Breakdown Protection, please call us at 503-785-2528 and ask to speak to a loan officer, or fill out our online contact form.