AFFORDABLE, VALUABLE COVERAGE
Get a quote for GAP coverage and easily roll the low monthly payments into your PFCU auto loan.
Guaranteed Asset Protection (GAP)
Protection if your vehicle is totaled or stolen and never recovered
Covers the gap left by your insurance payout
Helps you save thousands of dollars
Guaranteed Asset Protection fills the financial gap.
Affordable coverage for your vehicle.
Why is GAP a good idea? Because most insurance policies only cover the value of your vehicle, not your loan or lease amount. And your vehicle's value can rapidly decline during the first few years you drive it. GAP coverage kicks in to make up the difference between your insurance payout and what you owe on your loan or lease.
Here's how GAP insurance can protect you if your vehicle is stolen and never recovered, or totaled in an accident:
- Your PFCU auto loan balance after one year = $15,000
- The value of your vehicle after one year = $10,000
- Insurance settlement = $10,000
- You're short $5,000
- GAP pays $5,000
- You owe $0
TOOLS TO GET YOU AHEAD
The Sunshine Savings Challenge: Can You Spend Less for 10 Days?
Summer often brings more opportunities to spend. Warm weather, social plans, travel, and everyday outings can make it easy for expenses to grow quickly without much notice. June is a great time to pause and reset your spending habits before the busiest months of the season.
One simple way to do that is through a short financial reset. The Sunshine Savings Challenge invites you to spend less for ten days by becoming more mindful of where your money goes. It’s not about eliminating every expense. Instead, it is about building awareness and creating space to make more intentional choices.
The perfect loan to start consolidating
With affordable rates and a simple application process, it's easy to consolidate debt with a PFCU Personal Loan.
Personal Loans
Philadelphia Federal Credit Union is a full-service financial institution with locations in Philadelphia, Montgomery and Columbia County, PA.
