1
S-GUARD GAP DON’T GET CAUGHT PROTECT YOUR INVESTMENT But if that’s where you land, THERE’S HELP. Without GAP protection, you could be in over your head if your car is totaled. Your new car depreciates the moment you drive away from the dealer’s lot. And if you experience an unforeseen life event that totals your car, standard insurance policies will pay only the current market value—regardless of how much you owe. Unfortunately, if you’re “upside down” on your loan—that is, you owe more than the car is worth—you could suffer a significant financial loss. S-Guard GAP Provides: | > | Up to 84 months of protection for your loan | > | Coverage on vehicles valued up to $100,000 | > | Payment of negative equity up to $50,000 | > | One time low cost $25,000 20,000 15,000 10,000 5,000 0 0 12 24 36 48 60 72 84 LOAN BALANCE VEHICLE DEPRECIATION VEHICLE VALUE (ACV) OAN BALANCE A LOAN BALANCE L N BALAN E DEPRECIATION VEHIC V VEHICLE DEPREC C VEHICLE DEPRECIATION V EC A O C VEHICLE DEPRECIATI ON ACV) C ) VEHICLE VALUE ( V VA ) ) ( ( C C C C U U V V E E V V E E I I H H E E V V V A A L L A A L L A ( ( A A A U U C C L L L L AC A V V V V V V H H CLE VALUE (ACV) LOAN BALANCE VEHICLE DEPRECIATION VEHICLE VALUE (ACV) Depreciated vehicle value is determined by the primary insurance settlement. Graph is for illustrative purposes only. Insurance Settlement vs. Loan Balance CAR OWNERSHIP WITHOUT THE DOWN SIDE Bridge the gap with S-Guard GAP when you buy a new or used vehicle. It will even cover up to $500 of your primary insurance carrier’s deductible, so why risk your financial security? Protect your investment —and your credit— with S-Guard GAP today! Ask your sales representative for details or visit: SantanderConsumerUSA.com/SGuard S-Guard GAP (Guaranteed Asset Protection) protects your credit and offers worry- free protection in the event of a total loss due to the following: WITH Administered by Enterprise Financial Group, Inc. or one of its affiliated companies P.O. Box 167667, Irving, TX 75016-7667 Toll Free 800-527-1984 In Florida: Administered by Enterprise Financial Group of Florida, Inc. Florida License # 60102 | > | Accident | > | Fire | > | Flood | > | Hurricane | > | Theft | > | Tornado | > | Vandalism POWERED BY SANTANDER CONSUMER USA ©2011 Enterprise Financial Group, Inc. S-Guard is a trademark of Santander Consumer USA Inc. All rights reserved. The S-Guard Guaranteed Asset Protection (GAP) Contract is underwritten by a national insurance company that is “A rated” (excellent) by A.M. Best Company. This information is for illustration purposes only. The actual coverage, exclusions and limitations of the contract may vary from state to state based on the program chosen by the customer. from state to state based on the program chosen by the customer. SGAP0112PM

dON’T GET CauGHT - EFG Companiessguard.efgcompanies.com/resources/SGuard_GAP Placemat.pdf · S-Guard GaP dON’T GET CauGHT PrOTECT YOur INVESTMENT But if that’s where you land,

Embed Size (px)

Citation preview

S-Guard GaP

dON’T GET CauGHT

PrOTECT YOur INVESTMENT

But if that’s where you land, THErE’S HElP.

Without GaP protection, you could be in over your head if your car is totaled.

Today comprehensive and liability insurance combined still don’t provide true full coverage. You have to fill the GAP.

Your new car depreciates the moment you drive away from the dealer’s lot. And if you experience an unforeseen life event that totals your car, standard insurance policies will pay only the current market value—regardless of how much you owe. Unfortunately, if you’re “upside down” on your loan—that is, you owe more than the car is worth—you could suffer a significant financial loss.

S-Guard GAP Provides:

| > | Up to 84 months of protection for your loan

| > | Coverage on vehicles valued up to $100,000

| > | Payment of negative equity up to $50,000

| > | One time low cost

$25,000

20,000

15,000

10,000

5,000

0

0 12 24 36 48 60 72 84

LOAN BALANCE

VEHICLE DEPRECIATION

VEHICLE VALUE (ACV)

OAN BALANCEALOAN BALANCEL N BALAN

E DEPRECIATIONVEHICVVEHICLE DEPRECCVEHICLE DEPRECIATIONV EC A OCVEHICLE DEPRECIATION

ACV)CV)VEHICLE VALUE (VV VA ))(( CCCC UU VVEEVVEEIIHHEEVVV AALLAALL A((AAA UUCC LLLL ACAVV VVVV HH CLE VALUE (ACV)

LOAN BALANCE

VEHICLE DEPRECIATION

VEHICLE VALUE (ACV)

Depreciated vehicle value is determined by the primary insurance settlement. Graph is for illustrative purposes only.

Insurance Settlement vs. Loan Balance

Car OWNErSHIP WITHOuT THE dOWN SIdE

Bridge the gap with S-Guard GAP when you buy a new or used vehicle. It will even cover up to $500 of your primary insurance carrier’s deductible, so why risk your financial security?

Protect your investment—and your credit—

with S-Guard GAP today!

Ask your sales representative for details or visit:

SantanderConsumerUSA.com/SGuard

S-Guard GAP (Guaranteed Asset Protection) protects your credit and offers worry-free protection in the event of a total loss due to the following:

WITH

Administered by Enterprise Financial Group, Inc. or one of its affiliated companies

P.O. Box 167667, Irving, TX 75016-7667

Toll Free 800-527-1984

In Florida: Administered by Enterprise Financial Group of Florida, Inc.

Florida License # 60102

| > | Accident

| > | Fire

| > | Flood

| > | Hurricane

| > | Theft

| > | Tornado

| > | Vandalism

POWERED BY

SANTANDER CONSUMER USA

©2011 Enterprise Financial Group, Inc. S-Guard is a trademark of Santander Consumer USA Inc.

All rights reserved.

The S-Guard Guaranteed Asset Protection (GAP) Contract is underwritten by a national insurance company that is “A rated” (excellent) by A.M. Best Company. This information is for illustration purposes only. The actual coverage, exclusions and limitations of the contract may vary from state to state based on the program chosen by the customer. from state to state based on the program chosen by the customer.

SGAP0112PM