With GAP Advantage you're covered.
If your vehicle is totaled or stolen, your insurance settlement can be significantly less than the outstanding loan balance. Guaranteed Asset Protection Advantage (GAP Advantage) covers the “gap” between your vehicle’s value and the amount you owe.
How does it work?
GAP Advantage waives the difference between your insurance company’s settlement and the payoff amount of your loan. Plus, when you finance through SELCO, you’ll get a $1,000 credit to apply toward financing your replacement vehicle.
Is GAP Advantage affordable?
Absolutely. GAP Advantage is available for most vehicles for a one-time cost that you may be able to include in your loan.
Is it available for more than just cars?
You can purchase GAP Advantage anytime for any
SELCO new or used vehicle loan. It's available for most types of new and used vehicles:
- Cars, Vans, Light Trucks
- Motorcycles, ATVs, Snowmobiles
- Jet Skis, Boats
- Golf Carts
- Travel Trailers, Motor Homes
Learn more, or sign up for GAP Advantage by calling us at 800-445-4483 or stopping by any SELCO branch.
The purchase of Guaranteed Asset Protection (GAP) Advantage is voluntary and will not affect your application for credit or the terms of an existing credit agreement you have with SELCO. GAP Advantage is a loan deficiency waiver and is not offered as insurance coverage, though GAP may be considered insurance in some states. We will give you additional information including a copy of the GAP waiver containing the terms and conditions of GAP before you are required to pay.
The information contained within this website is not intended to make any representations that coverage will be afforded and SELCO and its subsidiaries hereby expressly disclaim any warranties that can be construed to the contrary.
Insurance products and services are offered through and underwritten by SELCO Group Inc., dba SELCO Insurance Services, a wholly owned subsidiary of SELCO Community Credit Union. Business conducted with SELCO Group Inc., dba SELCO Insurance Services, is separate and distinct from any business conducted with SELCO Community Credit Union. Products offered through SELCO Group Inc., dba SELCO Insurance Services, are not NCUA/NCUSIF or otherwise federally insured, and are not guarantees or obligations of SELCO Community Credit Union. Any insurance required as a condition of an extension of credit by SELCO Community Credit Union may be purchased from an agent or insurance company of the member’s choice.