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Guaranteed Asset Protection

Cars depreciate by thousands of dollars as soon as you drive them off the lot. If you're not putting down a significant down payment you should seriously consider getting GAP coverage on your loan.

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Cars depreciate by thousands of dollars as soon as you drive them off the lot. If you're not putting down a significant down payment you should seriously consider getting GAP coverage on your loan. CONTACT US

A few bucks a month could save you thousands

Did you know that if you owe more than what your insurance company pays if your car is totaled or stolen you're still responsible for that remaining balance? That means you could still be making a car payment for a car that's long gone.

  • Could save you thousands of dollars
  • No model, mileage or year restrictions
  • Available on recreational vehicles
  • If your car is totaled or stolen GAP pays the difference between what your insurance pays and what you owe on your loan up to 150% of the Manufacturer's Suggested Retail Price (MSRP)
  • Low flat fee of $499 for new or used autos
  • Roll the cost of GAP into your monthly loan payment
Questions about GAP coverage? Give us a ring and we'll be happy to help 

When you have GAP Coverage and experience a total loss GAP Advantage kicks in

  • Finance your next auto with OKCU within 90 days and we'll apply $1000 towards your principal

Questions about GAP coverage? Give us a ring and we'll be happy to help 

Take a peek at these Frequently Asked Questions about GAP coverage.

What does GAP stand for?
Guaranteed Asset Protection

When would I need GAP?
If your vehicle is totaled or stolen, the amount that your insurance is paying you could be significantly less than what you owe. GAP will cover the remaining balance on your loan after insurance pays their part, up to 150% of the Manufacturer's Suggested Retail Price (MSRP).

Can I buy this same type of coverage through my dealer?
Absolutely! If you buy from the dealership the price will vary but at OKCU we have a flat fee.

Questions about GAP coverage? Give us a ring and we'll be happy to help 

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Happy To Help Stories

Why do our members love being part of OKCU? Find out below.

  • Kyle B.

    OECU worked with me and got me pre-approved to help me buy a car. It was the easiest car buying experience ever!

    – Kyle B.

  • Jennifer B.

    OECU has helped me consolidate a few cards with our vehicles so we could pay off a few credit cards, a tremendous help!

    – Jennifer B.

  • Melissa J.

    You have given me the lowest rates on two car loans. Now, I can use that money to do things with my kids!

    – Melissa J.

  • Diana L.

    OECU approved me for a better car loan than my previous bank and at a great rate, too. I can actually feel comfortable paying for something I like and wanted!

    – Diana L.

  • Kathy S.

    OECU helped me by refinancing my truck so that I could get cheaper payments and a lower interest rate.

    – Kathy S.

  • Mary G.

    OECU gave me a chance to improve my credit score all while giving me a great low, low interest rate on my car.

    – Mary G.