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Don't Leave Your Vehicle Investment Unprotected.

Vehicle prices continue to increase. At the same time. many borrowers want longer loan terms and are making smaller down payments. For these reasons it's typical for a vehicle's outstanding loan balance to be significantly higher than its actual cash value, especially during the first few years of the loan.

If your vehicle is totaled or stolen, your insurance settlement will be based on the vehicle's actual cash value, not the outstanding loan balance. This may create a deficiency balance or "gap". You could be stuck paying hundreds - or even thousands - of dollars out of your own pocket to pay off the deficiency balance.

Now you can protect your vehicle, motorcycle, or RV investment with Guaranteed Asset Protection (GAP). GAP is designed to eliminate your unpaid net loan balance in the event your vehicle is stolen or damaged beyond repair (totaled).

  YOU STAY IN THE DRIVER'S SEAT!  

The following is a typical example of how GAP comes through for you:
Original purchase price $18,000
Loan balance after one year $16,000
Vehicle's current value as determined by your insurance company $11,000
Net insurance settlement (vehicle value less deductible) $10,000

GAP pays the difference $6,000***
**Deductible benefits are available in most, but not all states. Please consult your financing representative for the availability of this benefit.
***Your deductible is included in the GAP settlement amount up to $1,000. Without deductible coverage in the above example, the GAP settlement would be $5,000.

*Please consult your financing representative to determine if all of these collateral types are eligible for GAP protection.

 DIVERSIFIED CREDIT UNION
Linden CenterPoint Branch 612-321-5300   
Outside Metro: 800-333-7757   		 LaSalle Plaza Branch 612-321-4964   
Waseca Branch 507-833-4320

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