Guaranteed Auto Protection available at Carville’s Auto Mart
Purchasing a vehicle - whether it’s new or used - is a huge financial decision and responsibility. Most of us don’t have the entire cost of a vehicle available upfront, which means we oftentimes take out a loan that we will have to pay back. Our team here at Carville’s Auto Mart understands just how big of a decision it is to purchase a vehicle, which is why we’re constantly working to give our customers peace-of-mind long after they leave our lot. One way to rest assured as a new car owner is to take advantage of the Guaranteed Auto Protection program offered here. We’re going to dive into some of the frequently asked questions in order to give drivers a better idea of what this program has to offer.
What is GAP?
GAP, or Guaranteed Auto Protection, is offered through the American Assurance Corporation. It is the highest-quality GAP program in the industry, and it is insured by Old Republic Insurance Company. To put it simply, GAP will cover the difference between the outstanding loan balance at the time of the loss and the current value of the vehicle in the event that the car is totaled or stolen. It may also include up to $1,000 for the primary insurance deductible. The name essentially says it all; it covers the ‘gap’ left behind by the customer’s auto insurance.
Who is eligible for Guaranteed Auto Protection?
In order to qualify for Guaranteed Auto Protection, your vehicle will need to already be covered by some form of auto insurance. Vehicles only qualify for GAP if they’re covered. If you purchased your vehicle outright, then there would be no need for GAP. If you lease your vehicle, then GAP is definitely for you. Other drivers who qualify are those who are financing their vehicle and those who put less than 20 percent down at the time of purchase.
Warranty Coverage offered at Carville’s Auto Mart
When you actually sit down to purchase your next vehicle with our team here at Carville’s Auto Mart, there is sure to be a lot on your mind. Customer service is our number one priority, so we promise to make sure you understand each and every aspect of the car-buying process. One of the major concerns that comes with purchasing a vehicle is deciding which warranty coverage you’re going to purchase. We offer a variety of Premiere Mechanical Protection options, which are also available through the American Assurance Corporation. We’re going to highlight some of the most important details for each package below to give drivers a better idea of the options they have to choose from.
These premiere protection options are offered on new and used vehicles. It offers new-vehicle coverage on vehicles up to five years old with up to 60,000 miles, so this definitely opens a lot of doors for the pre-owned vehicle segment. Coverage is also available on vehicles that have up to 150,000 miles on the odometer, which essentially ensures most vehicles on the lot will be able to be covered by one of the programs.
Which coverage options are available at Carville’s Auto Mart?
There are three main coverage options available through Carville’s Auto Mart to drivers in the Grand Junction, CO area. First there is a Powertrain warranty, which covers all the basics including the engine, transmission and drive axles. The Select warranty builds off the Powertrain warranty by including coverage of the brakes, suspension, basic electrical and much more. There is also a Premium warranty, which covers every mechanical and electrical component of your vehicle. Any questions regarding the qualifications or details of these programs can be directed to the team here at Carville’s Auto Mart.