US GAP

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Many times, when a customer suffers a total loss to a financed vehicle, the proceeds from the primary insurance company are insufficient to satisfy the lender. This makes a bad situation even worse, and can cost the customer several thousand dollars.

USWC offers US GAP, a product that allows the customer to walk away from the financial obligation described above. US GAP pays the difference between the primary insurance company ACV determination and the outstanding finance balance in the event of a total loss or theft of vehicle. A one-time charge for US GAP, usually included in the monthly payment, is paid at the time of financing inception.

Dealerships, lenders, and customers like US GAP because it provides a win-win situation for everyone. The dealership profits from a the sale of a valuable F&I product, the lender is financially satisfied in the event the vehicle is declared a total loss, and the customer avoids a charge of several thousand dollars at a time when money will be needed for a replacement vehicle.

US GAP provides the most comprehensive protection available, which:

           • Is available on lease, loan and balloon loan terms up to 84 months
           • Includes the primary insurance deductible portion of the deficiency up to $1,000 (this benefit currently not available in New York)
           • Includes no age limit on used vehicles

USWC utilizes several A and A+ rated insurance companies for US GAP to ensure a stable program, the lowest possible rates, reliable coverage for your customers, and maximum profits for your dealership.