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Hendrick Autoguard
A Higher Level of Protection
Guaranteed Asset Protection
Atlanta Used Cars by Gwinnett Place Honda is committed to giving you all the options you might need to get maximum value from purchasing or leasing your vehicle! The Hendrick Autoguard Guaranteed Asset Protection (GAP) Program protects you by paying the difference between what you owe and what your auto insurance company pays in the unfortunate event your vehicle is declared a total loss. GAP also pays up to $1000.00 toward your insurance deductible.
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In the unfortunate event your vehicle is declared a total loss due to an unrecoverable theft or accidental damage, your auto insurance company will typically pay the current market value of your vehicle less your deductible. But what if your load or lease balance is higher than the market value of your vehicle? Answer: You would be responsible for paying off the difference, including your deductible. This can be expensive.
The reason for the potential difference is that normally the loan/lease balance decreases at a predictable amount as monthly payments are made. However, the market value of your vehicle is influenced by several variable factors (e.g. supply, demand, and mileage). This means that market value often may be lower than your outstanding balance – particularly early in your contract when you have the most to lose.
Guaranteed Asset Protection (GAP) can help pay the difference, including up to $1,000 of your insurance deductible.*
Click the links below for information on other Hendrick Autoguard Programs:
Extended Service Agreement Flexible Maintenance Car Care System Lojack Recovery Assurance Edge Motor Club
Ask for Hendrick AutoGuard. A higher level of protection.
*Deductible may not be covered in some states. See the GAP agreement for specific details.
**Based on your insurance company paying NADA Retail Value for the vehicle at the time of loss. You will be responsible for any portion of a deficiency balance that results from the amount financed that exceeded 150% of the retail value of the vehicle as of the date you purchased your vehicle.
