Key Differences Between Credit Unions and Banks
Choosing where to save, borrow, and manage money often comes down to two main options: banks and credit unions. Both are types of financial institutions offering similar financial products and financial services—from checking and savings accounts to auto loans, personal loans, and mortgages. Yet the way they’re structured, owned, and operated makes a major difference […]
Where to Buy Gap Insurance?
Gap insurance, also known as guaranteed asset protection, helps protect drivers against financial losses if their car is totaled or stolen. Standard car insurance coverage usually pays only the vehicle’s actual cash value (ACV) at the time of the claim. Since vehicles experience rapid depreciation, the ACV may be less than the outstanding balance on […]
How Much Is Gap Insurance?
When financing or leasing a vehicle, the focus often rests on the monthly payments and overall loan amount. But another layer of protection comes into play during the car-buying process: gap insurance. While many drivers know they need auto insurance to stay legal on the road, fewer understand how gap insurance works or how much […]
Is Gap Insurance Worth It?
When financing, leasing, or refinancing a car, buyers are often introduced to a product called gap insurance. Short for “Guaranteed Asset Protection,” it is designed to cover the difference between the balance on an auto loan or lease and the car’s actual cash value if the vehicle is totaled or stolen. At first, gap coverage […]
What Is a GAP Waiver and Do I Need One?
Accidents, vandalism, theft — these are all risks that car owners must contend with. If your car can’t be recovered or repaired, you are looking at a total loss claim with your insurance company, something that can create financial strain if you are still paying off your car loan. Fortunately, Guaranteed Asset Protection (GAP) offers […]