GAP 150

Torque Group’s GAP 150 is the highest coverage available and the fastest claim process in the entire industry.

GAP (Guaranteed Asset Protection) will pay the difference between your loan balance, and the Actual Cash Value (ACV) of your vehicle if it is declared a total loss from a collision or theft. With loan advances getting higher from the banks, customers are finding themselves with more debt in the event of a total loss.  We created our GAP 150 with the highest coverage in the entire powersports industry so the customers would be best protected.  Our GAP is available on New and Pre-Owned financed vehicles.

When most customers purchase a powersports vehicle they start the loan with a negative balance from depreciation.  Most total losses occur within the first 6 months of ownership. Our GAP protects the customer’s credit and helps to decrease the opportunity the customer will be making payment on a vehicle they suffered a total loss with.

Customer Benefits:
– GAP 150 protection pays the difference between the NADA Retail Value or the Insurance settlement (whichever is greater), of the vehicle at the time of the total loss and the remaining loan balance so you aren’t paying on vehicle you no longer have
– Pays up to $1000 of the customers insurance deductible
– GAP 150 is the highest coverage of GAP available
– Coverage begins immediately and is cancellable

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