Mother and Daughter smiling at each other inside car


Essential protection to bridge the GAPs.
Newly purchased vehicles depreciate in value as soon as they're driven off the dealer's lot. When a vehicle is totaled in an accident or stolen and not recovered, you could owe more than the vehicle is worth. GAP (Guaranteed Asset Protection) with Deductible Assistance is designed to reduce or eliminate the difference between the insurance settlement and the loan balance.

When you have GAP with Deductible Assistance, if auto repairs cost more than your deductible, the deductible amount is applied to your loan, reducing what you owe. Looking for more benefits? GAP Plus with Deductible Assistance, you can get into your next vehicle by reducing your next loan at the credit union by $1,000. Ask about how you can add GAP Plus with Deductible Assistance to your auto loan.

If you have an existing GAP policy with Community West, contact us to file a claim. If you purchased GAP policy directly from your auto dealership, contact your dealer to file a claim.

*GAP, which includes deductible assistance, is not insurance; it is an optional debt cancellation product. GAP will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP Fee to the amount financed under your contract will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with out without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel ay any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee. 

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The products above do not replace traditional auto insurance required on all auto loans. For additional details, please consult a Community West Credit Union lending officer.