GAP Protection Program in Vancouver, WA
GAP Protection in Vancouver, WA
Our team at Vancouver Toyota understands that accidents happen. When the unexpected does occur, we don't want you to feel stranded without any options available to you. That's why our team in Vancouver, WA is proud to offer the Toyota Guaranteed Auto Protection--GAP--to our customers.
GAP protects you and your family from a surprise bill if your vehicle is declared a total loss. It doesn't matter whether or not you bought or are leasing the vehicle, but rather that you and your family are protected. We want to give everyone the peace of mind they deserve.
Payment Protection
You'll be thankful you participated in the Guaranteed Auto Protection plan if an accident does occur. With GAP, our team at Vancouver Toyota offers a payment protection plan, which helps cover the balance due on your finance terms or lease contract. If your Toyota is found to be a total loss, the GAP will pay the difference between the balance you still owe on your finance terms and the current market value of your vehicle. If an accident occurs, you don't want to worry about how you're going to pay for your vehicle, and that's why with our payment protection, you can feel more at ease knowing you're covered.
We have attached an example of how the GAP plan works below. Please take a moment to see how it can benefit you!
| Finance or lease contract payoff amount | $23,000 |
| Minus total auto insurance settlement | $20,000 |
| Negative Equity / Amount Under Water | $3,000 |
| Plus auto insurance deductible | $1,000 |
| Total out-of-pocket expense (Note: w/o GAP Ins.) | $4,000 |
| Minus Toyota GAP payment | $4,000 |
| Total owed to the financial institution to pay off finance or lease contract | $0 |
Qualify for the GAP Plan
To qualify for the GAP plan, it's important to note that it's only available at the time you purchase or lease your new or used Toyota from Vancouver Toyota in Vancouver, WA. Make sure to speak to a member of our team to learn more! We look forward to helping you feel confident and assured with all of your automotive needs.
