mechanic looking at car engine
GAP Plus with Deductible Assistance

Protect your vehicle from depreciation that's faster than a speeding bullet

Accidents happen


The second you drive your new vehicle off the lot, it drops in value. Up to 20% in one year!1 If your vehicle is stolen or totaled in an accident, GAP Plus coverage can help fill the gap between what your insurance will pay and what you owe on the loan.

Visualize how this works

If your vehicle is totaled or stolen:

Vehicle Purchase Price – $30,000

Loan Balance after 1 Year – $26,000
Insurance Settlement – $23,000
Remaining Balance – $3,000

GAP pays the balance to payoff the loan.

Without GAP, you would have to pay the balance.

man browsing mobile device

Tell me about deductible assistance

Provides financial relief when your vehicle is damaged, but not totaled.

If your auto repairs cost more than your deductible, GAP Plus pays your deductible.2  Really.

mechanic testing car
headshot of Elizabeth Gray

Back in 2011 I financed my new vehicle with ATFCU. I had no understanding of what GAP coverage was or why I would need it. But thank goodness my loan officer, Christie Fraser, explained why it was important so I added it to my loan. Three week later I was in a wreck that totaled my car. If I had not had the GAP coverage I would have had to pay a lot out of pocket since I had not made even one car payment at the time.

Elizabeth G., member since 1986

Close the gap


Your purchase of GAP protection is optional and will not affect your application for credit.3 It is available for autos, light trucks, boats, motorcycles and RV’s, both new and used.

See today’s vehicle loan rates

New & Used Auto Loans - Cars and Light Trucks

Model Year

Loan Term

Interest Rates (APR*)

Model Year

2020 and newer

Loan Term

1-72 months

Interest Rates (APR*)

1.25%* to 13.00%

Model Year

2019

Loan Term

1-66 months

Interest Rates (APR*)

1.25%* to 13.00%

Model Year

2018

Loan Term

1-60 months

Interest Rates (APR*)

1.25%* to 13.00%

Model Year

2017

Loan Term

1 - 54 months 

Interest Rates (APR*)

1.25%* to 13.00%

Model Year

2016

Loan Term

1 - 48 months 

Interest Rates (APR*)

1.25%* to 13.00%

Model Year

2015

Loan Term

1 - 42 months 

Interest Rates (APR*)

1.25%* to 13.00%

Model Year

2014 - 2011

Loan Term

1 - 36 months 

Interest Rates (APR*)

1.25%* to 13.00%

Other Vehicle Loans

Model Year

Loan Term

Interest Rates

Model Year

Boats/RV’s - New or Used

Loan Term

1-72 months

Interest Rates

2.2%*-13.75%

Model Year

RV’s over $50,000 - New

Loan Term

73-120 months

Interest Rates

2.2%*-13.75%

Model Year

Motorcycle, ATV, Personal Watercraft, Cargo Trailer- New only 

Loan Term

1 - 60 months 

Interest Rates

3.95%* to 15.50%

Model Year

Antique/Classic Autos 

Loan Term

1 - 36 months 

Interest Rates

4.25%* to 15.25%

GAP Protection FAQs

GAP coverage is not required. It is optional and will not affect the decision on your loan application.

GAP insurance covers total vehicle loss due to collision, fire or unrecoverable theft.

The Insurance Information Institute recommends purchasing GAP if you:

  1. Make less than a 20% down payment
  2. Finance for 60 months or longer
  3. Purchase a vehicle that depreciates faster than average
  4. Roll over negative equity from an existing vehicle loan into the new loan

Learn more about closing the gap

Visit in person
Find a branch near you
Text us

(325) 677-2274
If you know your loan officer’s name, please reference it in your message.

Call us

(325) 677-2274 or (800) 677-6770.
Ask for the Loan Call Center

Disclosures

1 Car Depreciation – 5 Things to Consider, CARFAX, May 18, 2017
2 Maximum payment during a 12 month period is $1,000.
3 Your base loan interest rate is determined by credit worthiness and will be reduced by .05% with the purchase of GAP Plus coverage.

Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms.