Guaranteed Asset Protection Advantage
Are you financing or leasing your car, light truck, motorcycle, boat or RV? If your vehicle is totaled or stolen, you could face a financial risk that your insurance policies may not cover. Guaranteed Asset Protection Advantage (GAP) coverage protects you against this risk.
- Up to $1,000 of insurance deductible covered*
- $1,000 credit towards the Rivermark financing of a replacement vehicle
- Low cost protection
- Eliminates the out-of-pocket expense for the remaining loan balance after loss settlement
- Helps the borrower avoid financial hardship and afford a replacement vehicle
- Prevents deficiency balance from being added to new loan
- Helps protect the borrower’s credit rating
- 60 day free look
Here's an example of how GAP coverage can protect you:
Above loan calculation based on 60 month loan at 6% APR.
GAP Advantage protection can be added to any vehicle loan for a low, flat, one-time premium. Premiums start at $499.00. We can even incorporate the price into your loan balance.Get a Quote
*Deductible reimbursement is available in most (including Oregon and Washington), but not all states. Please consult us for the availability of this benefit.