GAP/MBP/Debt Protection

CFCU offers products to protect you and your vehicle so you can have peace of mind. Our pricing for these additional protection options is affordable and very competitive. Receive a no-obligation quote for any of these products by contacting your local CFCU branch.

Mechanical Breakdown Protection

Mechanical Breakdown Protection is similar to an extended warranty. It covers repairs to your car and is accepted at repair shops nationwide. We have several options available to fit your vehicle and your budget. CFCU can typically add the price of MBP to your loan or you can pay for it out of pocket. You can purchase MBP at any time, even if your vehicle is paid for or financed with another lender.

GAP Advantage

GAP pays the difference between what you owe on your vehicle and what your insurance would pay in a total loss of the vehicle. Because vehicles often depreciate rapidly, if your car is totaled in an accident or by weather, you could owe more than the value of your vehicle. GAP pays this difference so you don’t have to come up with the money out of pocket to pay off the loan. Our GAP Advantage product also gives you $1,000 toward the purchase of a replacement vehicle when it is financed with CFCU within the first 90 days of the claim. GAP Advantage is available for a low, one-time cost of $450 and can often be added to your loan amount or paid for out of pocket.

Debt Protection

Debt Protection steps in to make your car payment or possibly pay off the balance owed on the vehicle. If a borrower who has Debt Protection passes away during the term of the loan, the remaining balance of the loan will be paid. It can also step in to make the payment on your loan for up to twelve months if you are temporarily disabled or up to three months should you experience involuntary unemployment. Debt Protection must be purchased within 180 days of the loan origination.

To learn more about these options or obtain a free quote, please visit any CFCU location or call 800.522.3535.