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Request GAP Plus

Vehicle Loss Protection

Guaranteed Asset Protection (GAP Plus)

How would you feel about making an auto loan payment every month on a car you no longer have? It happens more frequently than you may think…don’t let it happen to you!

For as little as $405 or $7.27 a month* you can protect your car or truck with MECU’s Guaranteed Asset Protection Plus (GAP Plus) and have one less financial burden to worry about.

Many times auto insurance settlements don’t pay off your loan balance when your car is classified as a loss. GAP Plus protection covers the difference between your primary insurance settlement (value of the car) and what you owe on your loan. And, GAP Plus provides $2,500 toward the purchase of a replacement car financed with MECU.**

Try it FREE for 90 days! If you’re not satisfied, cancel your protection within 90 days of your enrollment date and get a refund on any fee you were charged.

Request GAP Plus When You Apply For Your Loan.

Already have a MECU Auto Loan but didn’t buy GAP Protection?

Not a problem! You can enroll anytime during the life of your loan. Just complete the GAP Enrollment Request. A loan representative will process your request and mail the GAP Protection Certificate to you.


*Cost applies to car and truck GAP only. Monthly payment of $7.27 assumes you add the cost of GAP Protection to a $25,000 car loan at a rate of 2.99% APR with a 60-month repayment term.  View all car loan rates Monthly payment will increase only when the cost of GAP is added at the time of loan origination. If the cost of GAP is added after loan origination, your monthly loan payment will remain the same; however, your repayment term will be extended to cover the GAP cost. You may also choose to pay the cost for GAP by check, cash or withholding from a MECU checking/savings account, in which case neither your monthly payment nor repayment term will change.
**Vehicle must be financed with MECU within 120 days of insurance settlement and $2,500 will be applied to the principal balance of the new loan.


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