As a reminder, SELCO will never call, email, or text asking for sensitive information, such as your PIN, full SSN, debit/credit card numbers, or CVV code. Click here to learn how to stay a step ahead of scammers this holiday season.

GAP Advantage

Family sits in their RV together while a girls holds up her dog.

Nuts and bolts of GAP

If your new or used vehicle is totaled or stolen, Guaranteed Asset Protection (GAP Advantage) covers the difference between your vehicle’s value and the amount you owe. 

  • One-time cost that can be paid with your loan. 
  • Includes $1,000 credit toward replacement vehicle financed through SELCO. 
Two men fishing from the bow of their boat.

Available for all types of vehicles

  • Cars, vans, trucks
  • Motorcycles, ATVs, snowmobiles
  • Boats, jet skis
  • RVs, travel trailers
  • Golf carts

Resources

Young girl driving car with a smile

Before You Sign Your Auto Loan

Financing a new or used car can be complex. Make sure you know all your options and have a clear understanding of what lies ahead.

Car with for sale sign

7 Tips to Protect Yourself When Buying a Used Car Privately

If you're looking to purchase a car privately and not through a dealership, follow these tips to protect yourself from potential "curbstoners" when shopping online for a used car.

Are Extended Vehicle Warranties Worth the Cost?

Is it better to purchase coverage you might not need or risk covering maintenance expenses yourself? Learn if an extended warranty is right for you.

A blue toy car sitting on top of a laptop keyboard.

Carvana: An Online Car-Buying Nirvana?

With a quick stop at the Carvana website, you can order a used car and have it delivered in 1–2 weeks—or take a road trip/fly to pick it up the next day at one of Carvana’s unique “vending machines.”

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. 

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. 

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