Guaranteed Asset Protection with Powerbuy™
Will your insurance cover your auto loan in the event of a total loss or theft? Probably not. Even the best auto insurance may not cover the entire amount you owe on an auto loan. In fact, if the average new car owner has their vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after the insurance settlement.
GAP with PowerBuy can pay up to the remaining balance of your auto loan after an insurance payout AND give you additional funds to finance your next vehicle with us.
GAP with PowerBuy* makes up the difference between what your insurance policy covers and the amount you still owe—in most cases. So, instead of paying off a substantial loan balance for a vehicle you can no longer drive, you could be free and clear of your car note and have funds to put toward a down payment on a new car.
With this valuable product, you can rest easy knowing that your auto loan won’t be a burden if an unexpected accident or theft occurs.
To learn more, call the loan department at 512-302-5555 Ext. 7194
To get a no cost, no obligation quote, click here.
*GAP with PowerBuy is considered insurance coverage in some states.
Your purchase of GAP with PowerBuy is optional. Whether or not you purchase GAP with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with Austin Telco. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP with PowerBuy. You should carefully read the contract for a full explanation of the terms.
Plans are available for most new and used domestic and imported vehicles. Speak to your loan officer or service representative for vehicle eligibility criteria and more details.