Protect Your BHPH Financing Company with GAP
Don't make your financing company take a hit each time one of your customers has a total loss and can't pay the balance.
Let your customers add on this protection for less than you think, and in turn it provide them and yourself financial protection in the event of a covered loss.
Multiple GAP Options for Franchise Dealerships to BHPH Dealers
Protects against financial loss in the event the vehicle is declared a total loss due to theft, collision, fire or any insured peril. The Program waives the difference between the outstanding loan balance as of the date of loss and the primary insurance settlement (some restrictions apply).
125% LTV Program available for independent, non-franchised dealers.
New & Used Vehicles
There are no model or year limitations
Available for Personal & Commercial Vehicles
Applies to autos, vans and light trucks less than 15,000 GVW.
Consumer deductibles up to $1,000 are automatically covered in the amount waived.
Limited exclusions apply to salvaged vehicles, taxicabs and rare, exotic, unusual, limited production, one-of-a- kind, kit, customized or vehicles over 15,000 GVW. Standard conversion vans are covered.
An online solution is available at no charge and allows all contract origination, printing and reporting transaction elements to be performed from your desktop in a secure, web-based environment. All reporting and account edits can be transmitted online.
Standard cancellation provisions include fully cancelable within thirty (30) days and thereafter cancelable with a pro-rata refund including a processing fee.
Simple, Tiered Pricing*
*except as limited by program or state guidelines