GAP Advantage with Powerbuy and Major Mechanical Protection (MMP).
GAP Advantage with PowerBuyTM
Guaranteed Asset Protection (GAP) is a voluntary program designed to offer protection on your financed vehicle in the event of loss to theft or accident.
GAP begins when your vehicle is stolen and never recovered or is damaged beyond repair.
GAP waives the difference between your primary insurance carrier's settlement and the payoff of your loan or lease.
GAP Advantage provides $1,000 towards the principal of your new auto loan with Arrowhead.
PowerBuyTM contributes up to $3,000 of the remaining depreciation towards the financing of your replacement vehicle.
How Does GAP Advantage Work?
GAP Advantage with PowerBuyTM covers the difference between the balance on your vehicle loan and the settlement of your insurance claim.
Original purchase price
Loan balance after one year
Insurance settlement (Actual Cash Value, ACV)
GAP Benefit* (Pays off remaining balance)
GAP Advantage (towards financing of replacement vehicle)
Total benefits paid from GAP Advantage with PowerBuyTM:
Contact our lending department today to find out how to add GAP to your auto loan at (800) 743-7228.
Major Mechanical Protection
MMP can help protect you from unexpected costs of repairs that fall outside the manufacturer's warranty.
Help with mechanical and electrical repairs not covered in warranty
Multiple protection levels to choose from
Coverage options allow you to protect:
Transmission and Transfer Case
Additional features and benefits of the coverage:
Available on both New and Pre-Owned vehicles
24-Hour roadside assistance for the term of coverage
Rental vehicle assistance
Tire road hazard protection and trip interruption for the term of coverage
Transferable coverage if you sell your vehicle before agreement expires
Fully insured program
Direct payment to repair facility
One deductible per visit
Increased resale value
Claim adjusters certified by National Institute for Automotive Service Excellence
*Loan balance may not be paid in full, please refer to Contract exclusions.
**Maximum payout of $3,000, 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 third 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 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 Allied Solutions.