Protect your investment with Guaranteed Asset Protection.
Picture this. You’re on your way to dinner. You’re listening to your favorite song and life is good. The light turns green, and when you turn left, another driver slams into you.
You’re OK, but the insurance company says your vehicle isn’t. It’s a total loss. That’s a problem because they will only pay you the value of the vehicle at the time of the accident. That could be less than what you still owe on your contract. Now you’re stuck paying for a car you don’t have anymore. Ouch!
Don’t get caught underwater
That’s where Guaranteed Asset Protection, or GAP, comes in. What is GAP? It can help cover the difference between what you owe on your car, SUV, or truck and what your insurance company will pay in the event your vehicle is totaled1.
If that sounds great, you’re gonna love this. GAP2 [link to GAP contract] is available when you refinance through Mode℠ our new, digital way to refinance your auto loan simply by going online. Mode is backed by GM Financial, so it’s financing you can trust.
Here’s what GAP through Mode covers:
Provides coverage up to $50,000
Covers up to $1,000 of your deductible
Can cancel at any time3
While you’re refinancing, or if you’re a GM Financial lease customer, and have been thinking you might want to finance the vehicle you already like, you can also opt to buy GAP at the same time.
Just know that you don’t need to purchase GAP to receive an offer of credit. But if you do want it, you can roll it in your monthly payment, so you never have to think about it. The extra protection is already in your budget. How smart of you!
In addition to protecting your investment with GAP, have you also considered VSC, coverage that will repair or replace covered parts after your manufacturer’s warranty has expired? You can also opt to purchase a Vehicle Service Contract during the Mode refinancing application.
You might be a safe driver, but accidents and theft can still happen. GAP can lessen your financial risk and can help turn a really bad situation into just an inconvenience.
If you’ve been thinking about refinancing to try to get a better payment or adjust your terms, consider Mode. Visit getmode.com to see if refinancing, with optional GAP protection, is right for you.
May not cover the entire difference and subject to exclusions.
See sample contract [link to GAP contract] for terms, conditions, coverages and exclusions. Your actual contract may differ slightly based