Guaranteed Asset Protection

Minimizes risk while refinancing your auto loan

Imagine this situation. You are in a car accident that created so much damage, the insurance company totals the vehicle. The problem is, it’s a newer car, and you have a loan on it. The insurance company agrees to pay you the value of the vehicle at the time of the accident. However, that’s less than what you owe on the car right now. You still owe on your loan, and you no longer even have a car.

That’s where guaranteed asset protection, or GAP, may help you. At RefiJet, we don’t want to see you struggle in this way. That’s why we can help you obtain a new refinance loan that includes GAP coverage. As a result, it can help to cover the difference between the value of your car, motorcycle, truck, or SUV and the amount due on your loan if it is totaled or stolen.

What Does Guaranteed Asset Protection (GAP) Cover?

It’s not uncommon for situations like this to occur, where you end up losing your vehicle for some reason and still owe more than your insurer is able to provide to you. With GAP in place on your auto loan, though, you don’t have to worry about being stuck paying a lot to pay off your auto loan. It helps to protect you against out of pocket costs when your vehicle is a total loss.

Here’s an example of what may happen. You refinance your auto loan with the help of the RefiJet team. You choose to include GAP protection with your new loan. A few months in, the vehicle is stolen from your driveway. The police are looking for it, but aren’t hopeful. You file a claim with your insurance company for the theft. They agree to file the claim, but they say the value of the car right now is just $15,000. You owe $17,000 on your loan, though.

In this case, your GAP coverage steps in to provide financial help. It helps cover that $2,000 difference for you.  It even contributes up to $1,000 towards your insurance deductible.   That way, you can pay off the loan and go on to purchase a new car.

If you did not have this coverage, you would still be without a car, but you also would still owe your lender that $2,000. That’s money you could be putting towards the down payment on a new car. If your loan to value ratio is more than 80%, GAP can be a very helpful product.

You might be a great driver, but accidents and theft still happen through no fault of your own.  GAP can minimize your risks and make a bad situation a bit easier on both your mind and your budget.

What You Can Expect from Guaranteed Asset Protection Coverage

At RefiJet, we offer GAP insurance from industry-leading providers. You may be eligible for several plans. Each one has slightly different features. One of our Financial Services Representatives can help you to determine if GAP is right for you and what type of features are best to seek out. Some offer features such as contributing towards your insurance deductible. For example, in the above examples, you may have an insurance deductible of $1,000 to pay first, before the insurer covers the rest. GAP may help you to cover some of that costs, further reducing your out of pocket expenses.

Do your homework right now to determine just how much protection you have. You may even wish to read through your auto insurance policy to see how they would pay out in such an instance. Then, turn to RefiJet for help with GAP.

Should You Include It on Your Auto Refinance with Us?

Speak to our agents about the benefits it offers. RefiJet makes the entire process very easy for you.

  • You can finance the purchase of GAP through your refinance loan.
  • If you already had GAP in place, it will not transfer to the new loan. You can cancel it and you may be due a pro-rated refund.
  • The investment in GAP may be very affordable, especially if it has to pay out at some time during your vehicle ownership. It could save you thousands of dollars in such events.

Do not hit the road without understanding your refinance options and if adding GAP to your loan makes sense for you to protect your vehicle. That includes GAP. It could help to minimize financial risk to you.

Talk to Our Team When You Request a Refinance Loan

As you consider how GAP can help you, also remember that this, coupled with refinancing your auto loan into a lower interest rate or monthly payment, it may be the best financial decision you can make for yourself right now. Take the time to consider if GAP makes sense for your situation. You may learn that this type of investment is an easy one to make.

Why Trust Our Team with Your Needs?

We’re here to help you. That’s one of the reasons we’ve earned LendingTree’s #1 auto lender rating in customer satisfaction for four consecutive quarters. That’s also why we work hard to help you find the most affordable auto loan refinancing opportunities and protections like GAP. Turn to our loan specialists today to learn more about adding GAP to your auto loan refinance. It is easier to do than you may realize it is, too. Get Started Now.

Important Disclosures and Requirements

Customer Consent to Receive Account Information Electronically

The Electronic Signatures in Global and National Commerce Act requires your consent to receive certain disclosures electronically. Please read this section carefully and retain a copy of this document for your records.


Some communications and disclosures with and by on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. However, if you wish to obtain a paper copy of any disclosure to your offer and/or loan/finance offer request, you may write to Yield Solutions Group, LLC (dba at 7555 E. Hampden Ave., Ste. 500, Denver, CO 80231. We will not charge you a fee for a paper copy of the Disclosures you request. RefiJet does not provide any Lenders’ disclosures. reserves the right, in its sole discretion, to stop providing Disclosures electronically. will provide you with notice of any such termination as required by applicable law. If chooses to stop providing Disclosures electronically, will send any future Disclosures to you in paper form.


The applicant and any co‐applicant (collectively, “you”) must consent to receive Disclosures electronically in order to complete the loan/finance offer request process with on behalf of its participating Lenders (as defined above). Your consent will apply to Disclosures you receive from, its successors and assignees, and any Lenders. You may withdraw your consent for receiving electronic Disclosures by notifying at Since is structured to provide some loan/finance offer request related information electronically, not consenting, or withdrawing your consent to receive electronic Disclosures may terminate your loan/finance offer request process. You may withdraw your consent to do business electronically with our participating Lenders at no cost to you. You may do so by contacting the Lender at the mailing address, e‐mail address or telephone number they provide to you separately for such purpose.


In order to use this service, you must consent to receive disclosures including but not limited to the Terms of Service and Privacy Notice electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.

If you have access to this website, you have suitable hardware/software to access and retain electronic documents.

This consent is valid until revoked by either party.

Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.


This average monthly auto loan payment savings reflects loans where the borrower chose to lower their monthly payment. Not every auto refinance is intended to lower monthly payment. These savings are not guaranteed. Individual savings and rates may differ.

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