If your Harley-Davidson® motorcycle is stolen or totaled, your insurance company settlement can be significantly less than what you owe on the loan. This creates a "gap" in coverage between your insurance company balance and the loan balance (which can result in a serious financial hardship).
The Guaranteed Asset Protection (GAP) Plan pays the difference between the outstanding balance on your loan and the fair market value of your vehicle. GAP may also cover your insurance deductible up to $1,000.
Key features include:
- Low-cost protections
- Eliminated out-of-pocket expense for the remaining loan balance after loss settlement
- Helps you avoid financial hardship and afford a replacement vehicle
- Prevents deficiency balance from being added to the new loan
- Helps protect your credit rating
Contact our friendly F&I department at Cape Cod Harley-Davidson® for pricing or questions (508) 563-7387.