You're covered.
That's because an insurance settlement is often less than the outstanding balance of your finance contract. GAPAdvantage covers you in situations like these, so you can drive worry-free.
GAPAdvantage is only available at the time of vehicle purchase. Visit fordcredit.com or your dealer to learn about the benefits of GAPAdvantage.
GAPAdvantage
• Covers your GAP deficiency* - Coverage limit lesser of $125,000 or 150% of MSRP (new)/150% of NADA "Retail" Value (used)
• Provides $1,000 toward the cost of a replacement vehicle from your dealer*
• Deductible coverage of up to $1,000
• New and used vehicles
• Terms up to 96 months
• Fully refundable for up to 60 days
• Up to 12,500 lbs. GVWR
*After applying refunds from certain financed products and excluding certain amounts, such as past-due payments and late charges. Please refer to program materials for complete terms and conditions. Always read all documents before purchasing.
• Provides $1,000 toward the cost of a replacement vehicle from your dealer*
• Deductible coverage of up to $1,000
• New and used vehicles
• Terms up to 96 months
• Fully refundable for up to 60 days
• Up to 12,500 lbs. GVWR
*After applying refunds from certain financed products and excluding certain amounts, such as past-due payments and late charges. Please refer to program materials for complete terms and conditions. Always read all documents before purchasing.
The advantages add up.
• Can prevent you from owing money on a vehicle
you no longer own
• Provides $1,000 toward the cost of a replacement vehicle from your dealer*
• Assists with this unexpected and potentially significant expense
• Avoids cash outlay required to cover your insurance deductible, up to $1,000
*Please refer to program materials for complete terms and conditions.
• Provides $1,000 toward the cost of a replacement vehicle from your dealer*
• Assists with this unexpected and potentially significant expense
• Avoids cash outlay required to cover your insurance deductible, up to $1,000
*Please refer to program materials for complete terms and conditions.
GAPAdvantage Checklist
Optional: Yes
Cost: Yes - shown on contract Vehicle
Eligibility: New, used, personal use up to 12,500 lbs. GVWR
Financed Amount: Up to $125,000
Coverage Limit: Lesser of $125,000 or 150% of MSRP (new)/ 150% of NADA "Retail" Value (used)
Deductible Coverage: Yes - up to $1,000 Cancelable/Refundable: Yes - pro-rata basis; full refund within 60 days
Exclusions: Yes - see previous page and contract details
Maximum Term: 96 months
Other: Dealer credit of $1,000 toward cost of replacement vehicle
Cost: Yes - shown on contract Vehicle
Eligibility: New, used, personal use up to 12,500 lbs. GVWR
Financed Amount: Up to $125,000
Coverage Limit: Lesser of $125,000 or 150% of MSRP (new)/ 150% of NADA "Retail" Value (used)
Deductible Coverage: Yes - up to $1,000 Cancelable/Refundable: Yes - pro-rata basis; full refund within 60 days
Exclusions: Yes - see previous page and contract details
Maximum Term: 96 months
Other: Dealer credit of $1,000 toward cost of replacement vehicle
Exclusions: GAPAdvantage does not provide
benefits when loss or damage occurs:
• Due to fraud or intentional damage by you
• Prior to the total loss date
• Outside the U.S. or Canada
• After the redemption period following
a repossession
• Due to legal confiscation by a public official
•If licensed, registered/titled in a business name
or used for business or has a salvage title
And it does not cover items such as:
• Late charges, delinquent payments and
deferred payments
• Various refundable amounts due to you for
early cancellation of financed products
• Termination and disposition fees
Additional limitations apply. Be sure to review
all limitations outlined in your GAP addendum.
-
Smith Ford Of Lowell
1777 E Commercial Ave
Lowell, IN 46356
- Sales: (219) 696-8971
Loading Map...