Athena Vehicle Leasing - personal - business - commercial - cars - vans - trucks
Athena Vehicle Leasing
Athena Home Page Open Car Deals Menu Open Van Deals Menu Open Leasing Menu Maintenamce 24 Hour Getback Contact Athena Vehicle Leasing
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.

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.
Put us to the 24h GetBack challenge to fund your next vehicle!
24hour Get Back Challange | Phone: 0845 644 1915 | Fax: 01270 872 586
stardust IT