Your auto insurance does not cover everything
In the event your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will usually cover only the actual cash value or market value of your vehicle less a deductible. This settlement could be significantly less than the amount you owe on your vehicle. The final result is a financial GAP where you must make up the difference, which could mean thousands of dollars out of your pocket.
Protection through Guaranteed Asset Protection
Guaranteed Asset Protection Protects individuals who finance a new or used vehicle from the financial GAP
In the current market, during the first few years that you own your vehicle, your loan balance can be higher than the actual value of your vehicle, as a result of depreciation. As your vehicle's value declines, your loan balance may decline more slowly, resulting in a financial gap. If your vehicle were stolen or totaled in an accident, you would be liable to pay the difference between your insurance settlement and your outstanding loan balance.
Guaranteed Asset Protection covers the difference between the actual cash value of your vehicle and the loan balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance-related charges.
Guaranteed Asset Protection will even cover your auto insurance deductible of $500 or $1,000. The actual amount depends on your credit union's program limits. Ask your loan officer for details.
Guaranteed Asset Protection is a loan deficiency waiver and is not offered as insurance coverage.
The purchase of Guaranteed Asset Protection is voluntary and cannot be required as a condition of credit approval.
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Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
Cancel ContinueYou are leaving COSDEN Federal Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products or services accessed through this link are not provided or guaranteed by COSDEN Federal Credit Union. The site you are about to visit may have a privacy policy that is different than COSDEN Federal Credit Union’s. Please review their privacy policy. COSDEN Federal Credit Union does not endorse the content contained in these sites, nor the organizations publishing these sites, and hereby disclaims any responsibility for such content.
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