The One Source Advantage Plus GAP program is the finest fully insured GAP product available today. This unique GAP program is only available through select Credit Unions and Financial Intitutions and offers you superior benefits over anything you will receive in the automotive dealer arena.
A total loss by theft or accident of your new vehicle can leave you in a tough financial bind, owing thousands of dollars after your primary insurance carrier settles. Automobiles, light trucks, SUVs, vans, and RVs depreciate rapidly. The gap is greatest the day you drive away from the dealership.
Ask those who have had to pay and pay because they didn't realize that if your vehicle is totaled due to theft or accident the settlement value that your insurance company places on it may be a whole lot less that its actual retail value - and considerably less than the actual amount you owe on your loan or lease at the time of the loss. When you add in your deductible payment to the loss from this gap between what they pay and what you are financially responsible for, you can be left owing literally thousands of dollars. What would be worse than having to reach into your own pocket to cover a loss like this? What would be worse than having to continue making payments on a vehicle that you no longer have?
There is only one way to have total peace of mind knowing that it can't happen to you and that's the One Source Advantage Plus GAP.
One Source Advantage Plus has a unique and very important feature not found in most other GAP products - Enhanced ACV Coverage. Our GAP product pays the difference between the primary insurance company settlement and the loan payoff amount, regardless if the insurance settlement is less than the actual cash value.
One Source Advantage Plus GAP eliminates the financial gap between your primary insurance company's settlement and the loan or lease payoff. In addition, One Source Advantage Plus GAP also covers your deductible.
GAP Program Features
- Enhanced ACV Coverage (Pays from Insurance Company settlement not ACV)
- Underwritten By An “A” Rated Insurer
- Covers up to 150% MSRP/NADA
- 1,000 Deductible Coverage
- 2 Delinquent Payments Covered
- Covers $50,000 Maximum Limit of Liability
For prices, please contact your Financial Institution or contact us and we will provide you the name of the participating Financial Institution closest to you.
This program is not available in the states of Michigan, Montana, Nebraska, Nevada, New York, Oregon.
