Service Plus Credit Union

Loan Protection

What is GAP and Mechanical Breakdown Protection?

Guaranteed Asset Protection (GAP) pays the difference between what your auto insurance says your car is worth and your remaining loan obligation on the car in the case of a total loss.  Newer vehicles can lose value quickly after you purchase them causing this scenario quite often.

Mechanical Breakdown Protection helps ease the pain of car repairs not related to an accident. Like an extended warranty the mechanical breakdown protection pays for repairs to a car in excess of the manufacturer's warranty.  

Costs for both of these types of coverage can be substantially less at Service Plus then what you’ll find for similar and sometimes even less protection elsewhere.  So if you are planning on purchasing a vehicle soon, be sure to give us a call first. 


Helpful Resources

Everyone is busy, that’s why we offer the following online services for your convenience.  But remember, we are always here to serve at our Moline office as well.

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