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GAP Insurance
(Guaranteed asset protection)

In the event that your car is stolen or "written-off" in an accident the insurance payment
may not cover the total amount outstanding on the finance agreement.

As an example:
24 months into a 36 month contract, your car is written-off and the insurance company value it at 12,000.
You still have 12 monthly payments outstanding at 350 per month, a total of 4,200.
The Funder had calculated the value of the car at the end of the 36 month contract to be 10,000.

Result:
The settlement figure with the Funder is 14,200
The insurance company compensates the Funder for the written-off car at 12,000
and the difference of 2,200 is covered by GAP insurance.

Standard GAP insurance covers a gap of up to 5,000.

GAP insurance can be added to your contract for between 3 and 5 per month.
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sales@athenavehicleleasing.com | Phone: 0845 644 1915 | Fax: 01270 872 586
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