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 the first 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 covered vehicle is totaled or stolen:

Vehicle Purchase Price – $40,000

Loan Balance after 1 Year – $35,000
Insurance Settlement – $30,000
Remaining Balance – $5,000

GAP pays the balance to pay off the loan. Without GAP, you would pay the balance.

Gap Plus is affordable and can be purchased at the time your loan is made or at any time during the life of the loan. The fee can be included in your loan payment or paid in full with cash, check or credit card.

Deductible Assistance is another benefit

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.

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 weeks 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 the chart below for detailed information. Please speak to your loan officer if you have additional questions.

Eligible Vehicles

Eligible Vehicles
Type of Use

Type of Use
Maximum Benefit

Maximum Benefit

Motor Vehicle

Eligible Vehicles

New and used:

- Private passenger cars

- Vans

- Light Trucks

- 20 model years or newer
Type of Use

Personal and Commercial
Maximum Benefit

$50,000

Power Sport

Eligible Vehicles

New and Used:

- Motorcycles

- All terrain vehicles

- Snowmobiles

- Jet Skis
Type of Use

Personal
Maximum Benefit

$50,000

Watercraft

Eligible Vehicles

New and Used:

- Inboards

-Outboards

-Inflatables

- Sailboats
Type of Use

Personal
Maximum Benefit

$50,000

Eligible Vehicles

New and Used:

- Conventional trailers

- Fifth wheels

- Travel trailers

- Folding camping trailers

- Truck camper units

- Type A, B & C motor homes
Type of Use

Personal
Maximum Benefit

$50,000

See today’s vehicle loan rates

New Auto Loans - Cars and Light Trucks
Model Year(s)	Loan Term	Interest Rates (APR*)
Model Year(s) 2024	Loan Term 1 - 84 months	Interest Rates (APR) 5.00% to 16.25%

Used Auto Loans - Cars and Light Trucks
Model Year	Loan Term	Interest Rates (APR*)
Model Year 2023	Loan Term 1 - 84 months	Interest Rates (APR) 5.00% to 16.25%
Model Year 2022	Loan Term 1 - 84 months	Interest Rates (APR) 5.00% to 16.25%
Model Year 2021	Loan Term 1 - 78 months	Interest Rates (APR) 5.25% to 16.50%
Model Year 2020	Loan Term 1 - 72 months	Interest Rates (APR) 5.35% to 16.60%
Model Year 2019	Loan Term 1 - 66 months	Interest Rates (APR) 5.45% to 16.70%
Model Year 2018	Loan Term 1 - 60 months	Interest Rates (APR) 5.55% to 16.80%
Model Year 2017	Loan Term 1 - 54 months	Interest Rates (APR) 5.65% to 16.90%
Model Year 2016	Loan Term 1 - 48 months	Interest Rates (APR) 5.75% to 17.00%
Model Year 2015	Loan Term 1 - 42 months	Interest Rates (APR) 5.85% to 17.10%
Model Year 2014	Loan Term 1- 36 months	Interest Rates (APR) 5.95% to 17.20%
Model Year 2005 - 2013	Loan Term 1-36 months	Interest Rates (APR) 7.70% to 17.99%

Other Vehicle Loans
Model Year	Loan Term	Interest Rates
Model Year RV's - New (2024-2023)	Loan Term 1-84 months	Interest Rates 7.50%* to 17.99%
Model Year RV's - Used (2023-2014)	Loan Term 1-78 months	Interest Rates 7.75%* to 17.99%
Model Year RV’s over $55,000 - New	Loan Term 73-120 months	Interest Rates 8.50%* to 17.99%
Model Year Boats - New (2025-2023)	Loan Term 1-72 months	Interest Rates 9.75%* to 17.99%
Model Year Boats - Used (2014-2023)	Loan Term 1-72 months	Interest Rates 10.25%* to 17.99%
Model Year Motorcycle, ATV, Personal Watercraft, Cargo Trailer- New only	Loan Term 1 - 60 months	Interest Rates 7.95%* to 17.99%
Model Year Antique/Classic Autos	Loan Term 1 - 36 months	Interest Rates 7.70%* to 17.99%

See all Loan Rates

GAP Protection FAQs

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

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

The Insurance Information Institute recommends purchasing GAP if you:

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

See all GAP Coverage FAQs

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 – Bankrate April 2, 2024
² Maximum payment during a 12 month period is $1,000. There can be two occurrences in a year, but the total paid will not exceed $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.