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GAP covers the difference |
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Did you know that on average it takes almost three years of a five-year auto loan to bring the loan balance down to the actual cash value of the vehicle? That means that if your vehicle is stolen or damaged beyond repair, you're still liable for the difference.
Guaranteed Asset Protection (GAP) covers the difference between the cash value of your vehicle (what your primary auto insurance will reimburse) and your outstanding loan balance, so you won't have to continue making payments on a stolen or totaled vehicle. You can include GAP coverage on your next Altra vehicle loan for a low one-time payment. GAP is available for primary passenger vehicles, motorcycles, ATVs, snowmobiles, boats, jet skis, motor homes, and travel trailers.
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MMP protects against costly repairs
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Major Mechanical Protection (MMP) protects you against costly repairs that are not covered by the manufacturer's standard warranty.
When you finance your vehicle at Altra, you can purchase Altra's top-of-the-line MMP at the same time, usually for much less than
extended warranties available through a dealer. To
make it even more affordable, you can spread the
cost over the life of your vehicle loan. MMP
is transferable if you sell or trade your vehicle,
which increases your vehicle's value.
If you have an existing Altra vehicle loan, we may
be able to add MMP without increasing your payment. Ask us how! |
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Altra offers Vehicle Extended Warranties. Please call for details at 800-755-0055. |
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Protect your loan payment |
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Who will make your loan payments if you’re not able to? With Personal Choice Payment Protection (PCPP), you can choose Individual or Joint payment protection coverage in several combinations of Life, Disability, and Involuntary Unemployment or a premium package with all three types of coverage.
If you have an existing
auto loan, personal loan, line of credit, home equity loan,
or Home Equity Line of Credit with life and disability
coverage, you can refinance that loan and add additional
coverage with minimal paperwork. If you’re taking
out a new loan, consider adding Payment Protection. For
more details, call 800-755-0055. |
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MEMBERS® Auto & Homeowners Insurance
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Altra offers special discount pricing on MEMBERS® Auto and Homeowners Insurance. For a free quote, call 888-380-9287. Members who switched to auto insurance through the program saved an average of $350.39.annually*. Additional member discounts may apply.
*Average savings figures based upon a February 2009 sample of Liberty Mutual auto policyholders in the group auto and home program when compared with those policyholders' average prior premiums with the listed carriers. Individual premiums and savings will vary. **MEMBERS Auto Insurance is available through CUNA Mutual Insurance Agency, Inc. Texas residents are served by CUNA Mutual Insurance Agency of Texas, Inc. California residents are served by CMIA of California Insurance Agency and Arkansas residents are served by CUNA Mutual Insurance Agency of the Southwest, Inc.
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Have
you been asked to provide proof of insurance coverage
for a new or existing loan? Simply enter your policy information online and allow
Altra to verify your coverage and update our records
as required in your loan agreement.
Enter policy information online
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