The Independent Dealer Guaranteed Asset Protection (GAP) program offers protection if the customer sustains a Total Loss of the financed vehicle. The Independent Dealer GAP program covers the customer’s liability for the difference between the loan or lease Outstanding Balance on the vehicle finance or lease agreement, and the settlement amount paid by the customer’s primary insurance carrier. The Independent GAP program is available to non-franchised automobile dealers for marketing to eligible customers.

Underwriting Guidelines

• The maximum amount financed cannot exceed $55,000 or 150% of the MSRP or NADA retail value.
• The term of the finance contract cannot exceed 72 months.
• The minimum value of the vehicle is $7,500.
• The maximum amount payable under the GAP Agreement is $5,000.
• The maximum APR for the finance agreement is 18%
• The vehicle cannot be older than 10 model years (current year minus nine years).
• Commercial Use exclusion.

NOTE: Please see a copy of the Customer Certificate and Dealer Agreement for a complete list of underwriting guidelines, terms, conditions, exclusions, and limits of liability. Restrictions may apply. Product availability may vary by state or country. For state availability please check with PDS Sales Support.

Independent GAP is available in most debt waiver states. We are not offering this program in any insurance states. This program is available on the Premier Standard benefit level only.