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Pay off your auto loan with GAP

Should You Buy GAP?

In the event your vehicle is damaged or stolen, your auto insurance only covers the vehicle’s replacement value. However, due to depreciation, there could be a large difference between the replacement value and your loan balance - and you would be responsible for paying the difference.

That's where Guaranteed Asset Protection (GAP) can help and potentially save you thousands. MIDFLORIDA offers GAP to our members for only $599 and it can be added to your MIDFLORIDA auto loan for convenience.1

Call our Loan department at (863) 284-5626 or toll free (855) 560-5626 for details.

Notices & Disclosures
1
GAP is not insurance, is a deficiency waiver supplemental to required comprehensive and collision coverage and may be available at lower cost from your current insurer and other providers. GAP financing is not available to persons covered under the Military Lending Act. Eligibility requirements, conditions and exclusions apply; read the GAP addendum carefully for benefits limitations. Not available in some states. Purchase of GAP is optional and will not affect your application for credit or the terms of any existing credit agreement.