Vehicle Protection

Don't let car troubles put a big dent in your savings.

Car passengers are protected by seat belts and airbags. But what stops drivers from suffering financial harm after a bad accident or major breakdown? Traditional auto insurance only goes so far. MECU offers two other low-cost options that can save Baltimore-area motorists hundreds or thousands of dollars.

Vehicle Loss Protection

How would you feel about making monthly payments on a car you no longer have? That can happen if your vehicle is stolen or totaled in an accident, and your traditional insurance policy's payout is less than your loan balance. For a low price, MECU's Guaranteed Asset Protection (GAP) Plus will cover the financial gap.
  • Buy GAP Plus Coverage for as little as $499, or $9.47  a month*
  • GAP-Plus covers the difference between your insurance settlement and what you owe on your loan
  • GAP Plus provides $1,000 toward the purchase of a replacement car financed with MECU**
  • Get a refund within 90 days of your enrollment date if you're not satisfied

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

Not a problem! Just complete the GAP Enrollment Request. A loan representative will process your request and mail the GAP Protection Certificate to you.


Extended Warranty Protection

It never fails. The manufacturer's or dealer's warranty on your car runs out, and two weeks later your transmission goes, your engine blows or you're hit with another major repair. Now you can protect your wallet from these situations by purchasing Extended Warranty Protection from MECU.
  • No deductible and you’re covered the day you purchase the plan
  • 30-day risk-free trial with a fully refundable premium
  • Covered repairs include engines, transmissions, air-conditioning and electrical problems***
  • Vehicle owners can get repairs at any ASE (Automotive Service Excellence) certified repair shop
  • Extended Warranty Protection can even be purchased for cars that have higher mileage
  • You can even purchase protection even if your car is paid off or if your loan isn’t with MECU
  • Get a Quote
Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on auto loans and other vehicle lending products.

* Cost applies to car and truck GAP only. Monthly payment of $9.47 assumes you add the cost of GAP Protection to a $30,000 car loan at a rate of 5.24% 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 $1,000 will be applied to the principal balance of the new loan.

*** Coverage depends on the plan you select. Complete terms and provisions are contained within each Service Agreement.