It’s called a Vehicle/Equity Loan and here is how it works:
Contact a Fox Communities CU experienced lender to get the process moving!
An extended warranty that will protect you against unexpected vehicle repairs:
Most insurance policies only cover the value of your vehicle. Your loan balance could be higher than the value. Guaranteed Asset Protection (GAP) is a non-insurance product that cover the “gap” between your vehicle’s value and the amount you still owe. GAP coverage will help you if your vehicle is stolen and isn’t recovered, or is totaled in an accident and can’t be repaired. Included in this difference is your insurance deductible up to $1,000.00. GAP is available on autos, boats, motorcycles, or RVs. There is a cost for this protection. Talk to a lender about GAP today.
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