Description: GAPWise provides relief in case of an unexpected total vehicle loss and the consumer’s insurance may not cover all of the costs.
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Consumers today generally seek auto loan amounts that exceed the value of their vehicle. The lack of equity from little to no down payment, combined with the demand for extended term financing on a vehicle that depreciates in value, often creates a negative equity position for consumers.
In the event of an unexpected theft or total loss of a vehicle, the consumer’s primary insurance may not cover all of the costs. This could mean a financial gap and thousands of dollars out of pocket for a vehicle that is no longer usable.
That’s why Wise F&I offers GAPWise, providing relief from the potential financial burden. GAPWise coverage is available for: Automobiles (including Trucks and SUVs) Recreational Vehicles (RVs) Power Sport Vehicles Marine Vessels