Congratulations! That is a big commitment!
Use this easy-to-follow checklist to help you decide what additional products you should consider along with the purchase of your vehicle.

Vehicle Protection Plan
A vehicle protection plan is designed to compliment your manufacturer’s warranty program and provide you peace of mind against the financial burden that some mechanical breakdowns bring.

Please review the Vehicle Protection Plan checklist below.

What is the length of time I plan to own my vehicle?

The longer you own your vehicle the higher the probability that you may have a mechanical failure. It’s a good idea to discuss a vehicle protection plan with your dealership based on the time you plan to keep your vehicle.

What is the average number of miles I plan to drive each year?

Everyone’s driving habits are different. Fortunately, vehicle protection plans are available based on your own driving habits whether you drive a few miles a day or have a long commute. Ask your dealership for more information about a plan that will accommodate your individual needs

Do I currently have a roadside assistance plan?

A roadside assistance plan can be very helpful in the event your car breaks down. Plans include important areas such as flat tire assistance, towing, lock-out assistance and rental cars. Your dealership will explain the roadside assistance coverage that comes with a vehicle protection plan.

Credit Life and Credit Disability
Credit life and credit disability are plans that protect your savings and financial reputation in the event you become disabled or in the event of a death.

Please review the Credit checklist below.

Will I be financing my vehicle when I purchase it?

If you are financing your vehicle then your credit life or credit disability premium will be included in your loan payment – there is no separate check to write.

Do I have disability insurance? Will it make my car payment in the event I need to use it?

If you have disability insurance through your work place or as a standalone policy check to see if it will automatically make your car payment in the event you become disable during the term of your automobile loan. Credit disability insurance offered through your dealership protects you should you become disabled during the term of your automobile loan.

Does my life insurance plan cover paying off my vehicle?

Death can be a difficult topic. If you already have a life insurance plan be sure to consider how a new automobile loan might affect the net benefits you will receive from your existing coverage. Credit life insurance may protect you and the co-borrower’s estate from your automobile installment loan obligations in the event of a death.

Guaranteed Asset Protection (“GAP”)
GAP is offered in conjunction with a vehicle installment loan and is designed to cover the difference in most cases between the actual cash value and your original loan balance (net of refunds) helping to fill the “gap” when faced with a total loss of a vehicle (after payment by your personal automobile coverage insurer).

Please review the GAP checklist below.

Does my personal auto insurance plan cover me if my car is stolen and not recovered?

Your personal automobile insurance plan may cover any outstanding balance due in the event your vehicle is stolen and not recovered. That will be determined by the actual value of your vehicle as calculated by your insurance company. In the event that the insurance company values your vehicle for less than what you still owe on the vehicle you would be responsible for paying the remaining balance. GAP coverage is designed to help pay that difference.

If I am in an accident and my car is deemed a total loss does my personal auto insurance cover me?

If you are in an accident your personal automobile insurance plan may cover any outstanding balance due in the event your vehicle is considered a total loss. That will be determined by the actual value of your vehicle as calculated by your insurance company. In the event that the insurance company values your vehicle for less than what you still owe on the vehicle you would be responsible for paying the remaining balance. GAP coverage is designed to help pay that difference.