Vehicle Protection:
GAP Insurance, Extended Warranties
You have a great car, a great loan and great auto insurance, so you think you're set, right? But what if your car is totaled early in your loan? What if it blows a head gasket 2 days after the manufacturer's warranty runs out? Out of luck?
Not if you have GAP insurance or an extended warranty from Eastern. We offer cost effective ways to protect your finances and your car for years to come.
Gap Insurance
In the first few years of an auto loan, you may owe more in principal than the car may be worth if it's totaled or stolen...that's the gap. If this is the case, there's only one person who makes up the difference: you!
Unless you have GAP insurance from Eastern. Gap insurance covers the difference between what you owe and what the car's insurance replacement value. Let's say you bought your car for $23,000, the loan balance after a year is $21,000 but the actual cash value is $16,000. Without GAP insurance, you'd owe $5,000. With GAP insurance, you owe nothing!
You may be offered GAP insurance at the dealership. We suggest you decline at that point, then shop around. We believe you'll find our coverage will be much more cost-effective.
Extended Warranty
today's new cars are great, and they offer great warranties. But they're also expensive to repair when the manufacturer's warranty runs out. Avoid having a monkey wrench thrown into the family budget with a cost-effective extended warranty from Eastern.
To inquire about Gap Insurance or Extended Warranties from Eastern, give us a call or visit any branch.