Auto Protection

Did you know that your auto insurance may not cover everything that you expect it to?

In the event that your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will typically only cover the actual cash value (ACV) or market value (AMV) of your vehicle, less your deductible. This settlement could be significantly less than the amount you owe to your lender or leasing company due to depreciation and current market conditions. The final result is a financial GAP where you must make up the difference, which could mean thousands of dollars out of your pocket.

Let us change that!

Lanier Federal Credit Union’s Guaranteed Auto Protection Plus (GAP) is a loan/lease deficiency waiver that is not offered as insurance coverage. Guaranteed Auto Protection Plus Protects individuals who finance a new or used vehicle from the financial GAP.

The purchase of GAP is voluntary and cannot be required as a condition of credit approval. Guaranteed Auto Protection Plus covers the difference between the actual cash value of your vehicle and the loan/lease balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance-related charges.

GAP Plus will even cover your auto insurance deductible of $500 or $1,000.


Vehicle Service Contracts

Are you tired of those high-cost Vehicle Service Contracts from dealers and manufacturers? Then check with your credit union regarding a First Automotive Extended Service Contract. Generally, the plans available through First Automotive provide similar coverage to the dealer's/manufacturer's plan, but can be obtained for significantly less - in some instances hundreds of dollars on a service contract. These service contracts are issued by First Automotive by Southwest Re and are accepted by most repair facilities nationwide and may be included in the vehicle financing provided by your Credit Union.

There are many Service Contracts and levels of coverage to choose from:

Standard Vehicle Service Contract

  • Eligibility includes vehicles up to eight (8) years old with mileage ranging up to 125,000 dependent upon class, term, and level of coverage
  • New vehicle terms ranging from 24months/75,000 miles to 96months/120,000 miles
  • Used vehicle terms ranging from 6mos/6,000 miles to 48mo/48,000 miles
  • Different levels of coverage: Powertrain, Standard, High-tech, Comprehensive
  • $100 deductible
  • Transferable


Xtended Care (High Mileage)

  • Eligibility includes vehicles up to twelve (12) years old with mileage ranging up to 200,000 dependent upon class, term, and level of coverage
  • Used vehicle terms ranging from 12mos/12,000 miles to 48mo/48,000 miles
  • Different levels of coverage: Powertrain, Standard, High-tech, Comprehensive
  • $100 deductible
  • Transferable


5 Year/ 100,000 Protection (Limited Powertrain)

Eligibility includes vehicles up to ten (10) years old with mileage ranging up to 125,000 dependent upon class, term, and level of coverage.


With a First Automotive Service Contract, you are assured of…

  • Vehicle protection
  • National acceptance
  • Available on both new and used vehicles
  • Rental reimbursement
  • Towing coverage