- This year, one in every three cars will be totaled in
- One in every 20 cars will be stolen.
Good thing you have vehicle insurance, right? Well, yes
and no. Even after your insurance company pays for your totaled
or stolen vehicle, you are responsible for the balance due
on your loan.
For example, the loan balance on your new car is $18,000.
Three months later, your car is totaled in an accident, and
your insurance settlement is $15,000. You are responsible
for the $3,000 balance of your loan –– even
though you no longer have your car!
That’s why you should consider purchasing GAP coverage
with your next new vehicle loan at Fieldstone Credit
Union. Guaranteed Asset Protection covers the difference
between your new vehicle loan and your totaled or stolen
And, it’s available with all new vehicle loans for
the one-time low price of $210 –– significantly
lower than what dealers charge.
For more information about new vehicle loans and GAP, call our loan representatives
at (815) 929-1870, ext. 2.