Guaranteed Asset Protection (GAP)
In the event of an accident or auto theft, your insurance may fall short of covering the full balance of your auto loan, leaving a substantial amount for you to cover. That's where a GAP policy may help.
Adding GAP with Powerbuy1 may protect your auto loan investment and may give you additional funds to finance your next vehicle with us. GAP can be purchased as a one-time fee and rolled into your auto loan.
GAP with Powerbuy may pay the difference between your vehicle's value (the amount covered by your insurance) and your remaining loan balance (the amount you owe) in the event of a total vehicle loss.1
GAP with PowerBuy
GAP with Powerbuy may give you up to $4,000 towards the purchase of your new vehicle.1
- GAP may cover the difference between your insurance settlement and what you owe.
- GAP may provide $1,000 towards a new auto loan with Arrowhead.
- Powerbuy may give up to $3,000 of the remaining depreciation back.
Add GAP to your Arrowhead Auto Loan - Call us at (800) 743-7228
Major Mechanical Protection
Vehicle repairs are expensive. Even what seems like minor repair can end up being pricey. When you add the right Major Mechanical Protection (MMP) Plan2 to your Arrowhead auto loan, you may have more options to cover the cost of unexpected expenses. We will work with you directly to choose the correct plan to meet your needs.
MMP Plan Benefits:
||For less than the cost of a repair, your vehicle may be covered.
||24-hour road side assistance with nationwide protection.
||Repairs can be performed at any licensed facility.
||No limit to the amount of claims made.
||Helps with resale value by keeping your car in tiptop shape.
||Coverage is transferable if you ever sell your vehicle.
Plus, coverage options allow you to protect:
- Transmission and Transfer Case
- And More
Additional features and benefits of the coverage:
- Nationwide protection
- Available on both New and Pre-Owned vehicles
- Rental vehicle assistance
- Tire road hazard protection and trip interruption for the term of coverage
- Direct payment to repair facility
Add an MMP Plan to your Arrowhead Auto Loan - Call us at (800) 743-7228
1 Loan balances may not be paid in full; please refer to Contract exclusions. Maximum payout of $4,000; actual payout may be less. Powerbuy amount is determined based on your specific information. Powerbuy is in effect for the first 3 years of the loan. Member is not obligated or required to purchase insurance from the credit union or any subsidiary, affiliate, or particular unaffiliated party as a condition to obtaining a loan, and a decision as to insurance agents will not affect the credit terms in any way. The credit union may not condition an extension of credit on an agreement not to obtain, or a prohibition on the applicant from obtaining an insurance product or annuity from an unaffiliated entity. Insurance products sold through or in the credit union are not insured by the National Credit Union Administration and are not insured, guaranteed, or underwritten by the credit union or the National Credit Union Administration or any other federal or state governmental agency.
2 Insurance products sold through or in the credit union are not insured by the National Credit Union Administration and are not issued, guaranteed, or underwritten by the credit union or the National Credit Union Administration or any other federal government agency. Please contact Arrowhead for additional information on benefit maximums, eligibility, and limitations. MMP is an extended warranty in addition to the manufacturer’s warranty and available through American Mercury Insurance Group.