Members Get More!
Finding your perfect car and financing it affordably are only part of the car-buying process. At Pinellas FCU, we want to ensure you protect your investment as well.
That's why, right now, we'll add Free GAP to your new car purchase or refinance - a $500 value!*
What is GAP?
GAP, or Guaranteed Asset Protection, is a form of insurance that protects your loan.
GAP is best explained through an example:
Assume you are in an accident and your vehicle is declared "totaled" by your insurance company. Insurance will pay you the market value for your loss. While this might sound great, it often creates financial challenges.
Suppose you owe $25,000 on your current auto loan. However, your insurance company determines the market value of your car to be $20,000. You will be responsible for paying your lender the outstanding $5,000 balance.
- $25,000 = Loan Amount
- - $20,000 = Insurance Payout
- $5,000 = Balance
GAP protects you from this situation. It covers the "gap" between your loan balance and what the insurance covers. In this case, GAP would cover the $5,000 balance.
How to Get Free GAP:
Right now, the credit union will add GAP to all new vehicle loans at No Cost to you.* It's a perk of membership with Pinellas FCU!
However, that's not your only option. If you have an auto loan, but don't currently have GAP - we can add it for FREE!*
- If you switch your current auto loan from another lender to Pinellas FCU, we'll add GAP to your new loan.*
- If your loan is already financed with the credt union, you'll receive complimentary GAP when you perform a cash out refinance.*
Add Free GAP Today!
Whether you're looking for a new car or want to protect your existing one, GAP is an excellent option. And, right now, you can get it for FREE from the credit union - it's our way of saying thank you for being a member!
To get started, stop by any branch location, call 727.586.4422 or click below to apply online.
*Offer good from January 1, 2025 through March 31, 2025. Current PFCU auto loans qualify and would need to add $5,000 to the balance for a cash out refinance. Contact the credit union for further details.
LEARN MORE ABOUT PFCU AUTO LOANS
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