Handy Chevrolet
699 Highgate Road St. Albans, VT 05478Sales: (888) 295-5380
- Service: 888-831-2041
- Parts: 888-316-6471
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Guaranteed Auto Protection From Ally Financial
CarMor Guaranteed Asset Protection (GAP)
From Handy Chevrolet of St. Albans, VT
From Handy Chevrolet of St. Albans, VT
It's every new Chevrolet owner's worst nightmare: after months of deliberation you have finally found your dream Chevrolet vehicle--a new 2011 Chevrolet Silverado 1500 LTZ--and you've waited patiently for the financing rate you wanted. After waiting through the length of the 2010 calendar year you make your move, sign the paperwork, and drive off Handy Chevrolet's 699 Highgate Road lot in St. Albans with a giant smile across your face. You drive with this grin on your face for a few months, and then it happens...
Not yielding to oncoming traffic, a motorist pulls off a side road just as you get within striking distance. Your new car is t-boned, and though you're thankfully alright and with no lasting bruises, the same cannot be said for your new Chevrolet Silverado 1500. As the police officer shows up on scene you're looking at the damage and you, without much automotive technical knowledge, can tell by the fact hat your vehicle's nose is touching it's rear that your new Chevrolet truck's frame is bent badly. You think to yourself how could this get any worse? but unfortunately you didn't buy Guaranteed Asset Protection (GAP) Insurance, and the worst is yet to come.
We at Handy Chevrolet have said time and time again that you, our customers, are our greatest asset. We don't want any of our customers to go through the mess as described, and that's why we want you to learn about GAP Insurance from Ally, CarMor, and Handy Chevrolet. Take a moment to go over the explanation below that has been developed for educational purposes with the hope that when you come in to buy your new Chevrolet Silverado, Cruze, Malibu, Impala, or whatever your favorite Chevrolet vehicle is, if the worst happens to you at least you'll be covered.
If you would like to know more after viewing this informative page, click here to send us a message via our online contact form, call us at 888-295-5380, come and see us at 699 Highgate Road in St. Albans (click for turn by turn directions), or send an email to Reg Howard at rlhoward@sover.net.
Not yielding to oncoming traffic, a motorist pulls off a side road just as you get within striking distance. Your new car is t-boned, and though you're thankfully alright and with no lasting bruises, the same cannot be said for your new Chevrolet Silverado 1500. As the police officer shows up on scene you're looking at the damage and you, without much automotive technical knowledge, can tell by the fact hat your vehicle's nose is touching it's rear that your new Chevrolet truck's frame is bent badly. You think to yourself how could this get any worse? but unfortunately you didn't buy Guaranteed Asset Protection (GAP) Insurance, and the worst is yet to come.
We at Handy Chevrolet have said time and time again that you, our customers, are our greatest asset. We don't want any of our customers to go through the mess as described, and that's why we want you to learn about GAP Insurance from Ally, CarMor, and Handy Chevrolet. Take a moment to go over the explanation below that has been developed for educational purposes with the hope that when you come in to buy your new Chevrolet Silverado, Cruze, Malibu, Impala, or whatever your favorite Chevrolet vehicle is, if the worst happens to you at least you'll be covered.
If you would like to know more after viewing this informative page, click here to send us a message via our online contact form, call us at 888-295-5380, come and see us at 699 Highgate Road in St. Albans (click for turn by turn directions), or send an email to Reg Howard at rlhoward@sover.net.
What is GAP Insurance?
In today's world, it is very common to owe more than your vehicle is worth, especially in the golden years of your car loan. If the above situation occurs and your vehicle is declared a total loss, do you know if your primary insurance company will pay you enough to cover the remainder of your car loan or lease term payments? In many cases auto insurance will only pay for the cost of the actual cash value of your vehicle--this leaves you, the owner, responsible for the remainder owed on a given loan.
In today's world, it is very common to owe more than your vehicle is worth, especially in the golden years of your car loan. If the above situation occurs and your vehicle is declared a total loss, do you know if your primary insurance company will pay you enough to cover the remainder of your car loan or lease term payments? In many cases auto insurance will only pay for the cost of the actual cash value of your vehicle--this leaves you, the owner, responsible for the remainder owed on a given loan.
GAP Insurance helps cover the difference... or fill in the gap.
By providing additional benefits that you need if your Chevrolet vehicle is considered a total loss, you can rest easy and drive with peace of mind. In most cases, GAP will pay the difference between your primary insurance settlement and the outstanding balance of your vehicle on the date of loss. This is illustrated in the image below:
How GAP Insurance Can Work
Your Chevrolet vehicle is most likely worth more to you than it is your primary insurance company. While your Chevrolet or used vehicle allows you to commute to work, pick the kids up from hockey practice and school, get your daughter to her dance recital, and meet your date at the coffee shop, to your primary insurer it is a monetary figure, and that figure drops dramatically as the years drag on. As described above, depending on your loan or lease payments the dollar value of your vehicle could be significantly lower than the value of your remaining payments after a collision renders your car worthless in the insurance adjusters eyes.
GAP can help you get out of this terrible situation via the following benefits:
Let's look at this another way. Let's say you still owe $26,000 on your 2011 Chevrolet Suburban. The instance from the top of this page wherein a careless driver hits your vehicle occurs, and the insurance company decides your Suburban is only worth $20,000. Obviously you would owe the remaining $6,000 for a vehicle that you (a) cannot drive any longer and (b) lost due to no fault of your own! Below, you can see how GAP insurance really starts to pay off when the unfortunate occurs:
Now that you've become a bit more knowledgeable on GAP Insurance from Handy Chevrolet, feel free to call or email us with any further questions, or just stop into our 699 Highgate Road showroom in St. Albans to discuss the issue with our Finance Advisor. If you'd rather phone ahead, call us toll-free at 888-295-5380, or send us a message via our online contact form by clicking here now.
GAP can help you get out of this terrible situation via the following benefits:
- GAP protects your investment; it's availalbe on new and used vehicles velued or financed up to $100,000
- You can be reimbursed for your insurance deductible up to $1,000
- GAP waives covered losses up to $50,000
Let's look at this another way. Let's say you still owe $26,000 on your 2011 Chevrolet Suburban. The instance from the top of this page wherein a careless driver hits your vehicle occurs, and the insurance company decides your Suburban is only worth $20,000. Obviously you would owe the remaining $6,000 for a vehicle that you (a) cannot drive any longer and (b) lost due to no fault of your own! Below, you can see how GAP insurance really starts to pay off when the unfortunate occurs:
Now that you've become a bit more knowledgeable on GAP Insurance from Handy Chevrolet, feel free to call or email us with any further questions, or just stop into our 699 Highgate Road showroom in St. Albans to discuss the issue with our Finance Advisor. If you'd rather phone ahead, call us toll-free at 888-295-5380, or send us a message via our online contact form by clicking here now.