Will your Insurance Cover Your Auto Loan in the Event of a Total Loss or Theft?
Probably not. Even the best auto insurance may not cover the entire amount you owe on an auto loan. In fact, if the average new car owner has their vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after the insurance settlement.
GAP Advantage with PowerBuy™ can pay up to the remaining balance of your auto loan after an insurance payout and give you additional funds to finance your next vehicle with us.
GAP Advantage with PowerBuy* makes up the difference between what your insurance policy covers and the amount you still owe—in most cases. So, instead of paying off a substantial loan balance for a vehicle you can no longer drive, you could be free and clear of your car note and have funds to put toward a down payment on a new car.
With this valuable product, you can rest easy knowing that your auto loan won’t be a burden if an unexpected accident or theft occurs.
To learn more, click here or call your service representative today at 432-688-8400!
*GAP Advantage with PowerBuy is considered insurance coverage in some states.
Your purchase of GAP Advantage with PowerBuy is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation.
With MMP, You Can Get the Most Out of Your Mileage!
As time goes on, the likelihood of mechanical failure on your vehicle is inevitable. Advanced electronics, complex systems, and rising labor costs mean that a repair that might have cost hundreds of dollars a few years ago may now cost you thousands.
With Major Mechanical Protection (MMP) from My Community, you can protect yourself against the expense of future costly repairs.
The total cost of MMP is often far less than the cost of a single repair! Pay for this protection once, and in most cases you will not have to pay anything more than a small deductible should a breakdown occur.
To learn more about MMP, call your service representative today at 432-688-8400!
Even the most responsible person can be hit with bills they can’t pay, damage to their credit score, and even repossessions when unexpected illness, injury, or death eliminates their ability to earn a paycheck.
When you add Payment Protection to your loan1 or other obligations, you minimize the impact of the unexpected. In most cases, Payment Protection can:
· Eliminate all or part of your remaining loan balance
· Protect your credit rating as loan payment obligations are made on your behalf
· Prevent late fees
· Protect your family and your possessions
· Free-up extra cash when it’s needed most
· Pay benefits in addition to any other protection you may have
Payment Protection is affordable, may cover both you and your co-borrower, and is a part of your regular payment—giving you one less thing to think about.
To learn more about Payment Protection, contact your service representative today at 432-688-8400!
1Payment Protection may be available for personal credit cards, auto loans, personal consumer loans, and home equity loans.
Your purchase of Payment Protection is optional. Whether or not you purchase Payment Protection will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Payment Protection. You should carefully read the contract for a full explanation of the terms.