What is a GAP Waiver and Vehicle Service Contract?
Protect Your Car While Still Saving Money
At iLending Car Loan Refinancing, we refinance auto loans to save our customers money. We also offer our customers additional protection through GAP Waivers and Vehicle Service Contracts. So, what are those?
Why You Want a GAP Waiver and Vehicle Service Contract
A GAP Waiver is supplemental coverage for the difference between your car’s value and how much you owe on the vehicle. If you got into an accident and totaled your car, your insurance company would pay out the market value of the car. This often leaves a gap between that payout amount and how much money you still owe on your auto loan. A GAP waiver, commonly referred to as GAP insurance, covers this balance to protect you financially.
A Vehicle Service Contract is supplemental coverage for mechanical repairs for your vehicle. Your standard auto warranty and insurance policies are usually limited. Vehicle Service Contracts offer additional protection that pays for any parts, labor, and taxes due for important repairs on your car, truck, SUV, motorcycle, boat, or even RV.
Refinance to Save Money and Protect Your Vehicle
Refinancing your vehicle is a simple way to save money on your auto loan. You can lower your interest rate and monthly payment in as little as a week. On top of that, a GAP Waiver and Vehicle Service Contract can be added to your loan to protect you financially. You won’t notice a small monthly payment toward these programs, but you would notice a few thousand dollars for a totaled vehicle or a costly repair. It’s possible to get more for less; when you refinance and include these protections, you’re still paying less than you were on your old auto loan.
Save More Money, Get More Coverage
Managing your auto loan and caring for your car is a lot of work. At iLendingDIRECT, we want to make your life a little easier. Our team of highly-trained, dedicated loan consultants can help you save money on your car payment while getting more coverage for your vehicle using our simple 5-step process.
On average, iLendingDIRECT customers save $112 per month and lower their interest rate by 5.5%. To start saving today, call (866) 683-5505 or simply fill out this form. Most importantly, inquiring is completely free and will not affect your credit score.
What would you do with an extra $132* in your pocket?
