GAP (Guaranteed Asset Protection)
Most cars depreciate faster than your loan balance drops. Guaranteed Asset Protection (GAP) bridges the gap between your insurance settlement and what you still owe.
Benefits of GAP
Covers the Difference
Cancels the difference between your insurance settlement and your remaining loan balance* if your car is totaled or stolen.
$2,500 Down Payment
Receive a $2,500 credit toward your replacement vehicle when you finance your next loan through Argent.
Deductible Coverage
Argent’s GAP protection pays your insurance deductible up to $1,000.
Guaranteed Asset Protection
How it Works: GAP (Guaranteed Asset Protection) covers the “gap” between your primary auto insurance settlement and your remaining loan balance if your vehicle is stolen or totaled.
What it Covers: Protection is available for a wide range of vehicles, including automobiles, motorcycles, boats, travel trailers, motor homes, and Jet Skis.
Cost & Value: Argent’s GAP is competitively priced compared to dealership options and can be added to your loan so you can spread the cost over time.
Rapid Depreciation: Since new and used vehicles can lose value quickly—sometimes up to 20% in the first year—GAP ensures you aren’t “upside down” on your loan if disaster strikes.
How to Get GAP Protection
Getting protected is a simple process that can be handled entirely online, by phone, or in person at any Argent branch.
-
During Your Loan Application: The easiest way to get GAP is to request it while applying for a new or used vehicle loan. Your loan officer will walk you through the coverage and can roll the cost directly into your monthly payment.
-
Add It to an Existing Loan: Unlike many dealerships, Argent allows you to add GAP protection to your current auto loan even after you’ve driven off the lot. You can add this coverage at any time during the life of your loan.
-
When You Refinance: If you’re moving your auto loan from another lender to Argent to get a better rate, you can add GAP protection as part of the refinancing process.
I don’t have to go into the bank often due to online banking but when I do, the team goes above and beyond to make sure that my needs are met.
-Catherine W.
Explore More Products and Services
Auto Warranty
Get coverage for mechanical problems and manufacturer defects.
Debt Protection
Lower/eliminate your payment if death, disability, or unemployment occurs.
Auto Insurance Options
Affordable vehicle insurance that protects you and fits your budget.
