Autumn, a member of Best Reward, recently used her GAP (Guaranteed Asset Protection) when her vehicle was deemed a total loss. Autumn had purchased her 2013 Honda Accord in March of 2016. She financed her purchase with Best Reward and took advantage of the GAP coverage offered with her financing.

She purchased this protection from Best Reward for just $250 (and it’s a good thing) because less than 6 months later, Autumn was in a car accident and her vehicle was deemed a total loss.  The balance on her loan at that time was $19,400, but her insurance was only willing to pay $16,400 (Fair Market Value) leaving a deficiency of $3,000. 

Autumn would have had to pay that $3,000 balance out-of-pocket.  Instead, GAP paid that $3,000 deficiency for her, and because she financed her replacement vehicle with Best Reward, she also received $1,000 towards the financing of that replacement vehicle.

Now, Autumn is enjoying her 2013 Honda CRV, with no out-of-pocket expenses from that accident, and a $1,000 credit on her 2013 Honda CRV that is financed with Best Reward.

“I had never heard of GAP before.  I was very pleased with how quickly the process was handled. Everything was explained to me, and if I didn’t understand something, they explained it so that I could understand. I’m so glad that I purchased the GAP.  It saved me thousands of dollars and made my life easier.”  – Autumn, Member of Best Reward (September 2016)

The greatest gap between your loan value and the fair market value usually occurs in the first years of your loan. The second you drive your car off the lot, it drops in value and keeps dropping, but your loan value doesn’t decrease as fast, creating a gap.

You can purchase GAP coverage anytime during the life of your loan!

Learn more HERE and get the protection you may need!

Click HERE to get your FREE Quote today!