Should You Buy GAP?
In the event your vehicle is damaged or stolen, your auto insurance only covers the vehicle’s replacement value. However, due to depreciation, there could be a large difference between the replacement value and your loan balance - and you would be responsible for paying the difference.
That's where Guaranteed Asset Protection (GAP) can help and potentially save you thousands. MIDFLORIDA offers GAP to our members for only $599 and it can be added to your MIDFLORIDA auto loan for convenience.1
Call our Loan department at (863) 284-5626 or toll free (855) 560-5626 for details.