Premier offers GAP Debt Waiver to Auto, RV, Watercraft and Powersport dealers.

Guaranteed Asset Protection (GAP) offers protection if the customer sustains a Total Loss of the financed vehicle. The Premier Guaranteed Asset Protection (GAP) and Premier GAP Plus programs cover the customer’s liability for the difference between the Outstanding Balance on the vehicle finance or lease agreement, and the settlement amount paid by the customer’s primary insurance carrier. The Premier GAP Plus program provides an additional benefit to the customer towards the purchase of a replacement vehicle.

Underwriting Guidelines

• The maximum amount financed cannot exceed $125,000 or 150% of the MSRP or NADA retail value.
• The term of the finance contract cannot exceed 84 months.
• The maximum amount payable under the GAP Agreement is $100,000.
• The vehicle cannot be older than 10 model 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.

Premier offers debt waiver products in all states deemed “debt waiver” except New York and DC. Most Premier GAP debt waiver programs have Ultra and Standard benefit levels available. GAP Plus is also available in most debt waiver states.