(Guaranteed Asset Protection)
PTS makes it easy to protect your customer relationships and your vehicles
PTS GAP is a critical component to include on all vehicle purchases. In the event of a total loss on a covered vehicle, PTS GAP pays the difference between the net pay off (at time of loss) and primary insurance settlement*.
*GAP Protection may not take care of the entire deficiency balance. Please refer to our Terms and Conditions for details.
Our low-cost program allows you to upcharge to raise your bottom-line profit.
No more expensive write-offs; GAP pays the difference between the insurance settlement and the payoff of the vehicle.
GAP is designed to cancel the customer's debt allowing you to put them into another vehicle quickly. Don't lose your customers to a competitor, get PTS GAP today!
We partner with top names in the industry to provide a simple process.
We offer competitive, customizable pricing plans.
One-time cost covers your customer up to 48 months*!
Guaranteed Asset Protection. We help dealers protect their investments in both their vehicles and through customer retention.
Primary insurance is required for all GAP claims. No reimbursement will be provided if the customer lapses on their insurance policy.
GAP is referred to as a waiver. GAP does not replace auto insurance or comprehensive/collision/bodily/injury/property damage/liability coverage that the customer is still required to carry in most states.
A successful GAP program starts with quality training for your team. PTS will work closely with your team to ensure they know how to sell and administer the GAP program.
In the event of a total loss to the covered vehicle, PTS GAP will cover the difference between the net pay off and the primary insurance carrier’s settlement on the date of the loss up to a max amount determined by program option.
Because standard comprehensive and collision auto policies only cover the "fair market value" of your customer's car. That can be as little as 80% of what they paid for their car, starting the minute they drive it off the lot.
*Term length duration determined by GAP Program.
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