Gap Protection
Silverstone Motorsports offers GAP Protection for almost any vehicle. GAP Protection pays the difference between your cars actual cash value and your loan balance in the event a your vehicle is stolen or totaled.
When a vehicle is purchased with little or no down payment, a negative equity loan position is created. This produces significant exposure for your customers who are at risk to pay the difference between the insured value of the vehicle and the current loan balance in the event of a total loss.
Key Benefits of GAP
- All risk protection
- Customers avoid a financial obligation during a stressful time when money is needed for a replacement vehicle. A one-time charge for IAS GAP Protection is usually included in a customer's monthly payment and is paid at the time of financing.
- Protection is provided for the term of your loan/lease
- Up to 84 months
- Protection is applicable for vehicles valued up to $100,000.00 at time of purchase
Please call or email us today for details about our GAP programs.
