Whether you buy from a dealer or private party, Greater Nevada offers Guaranteed Asset Protection (GAP), Major Mechanical Protection (MMP) and Debt Protection to keep your loan affordable.
Guaranteed Asset Protection (GAP)
If your car is totaled or stolen, but you still owe more than the insurance will pay for the total value, GAP will pay you the difference. This low-cost protection is available with most auto loans from Greater Nevada.
- Pays difference between what insurance covers and what you still owe
- Will cover insurance deductible up to $1,000
- May provide an additional $1,000 toward purchase of a replacement vehicle*
- Cost can be added to your Greater Nevada loan
Major Mechanical Protection (MMP)
This high-quality program gives you peace of mind by covering unexpected repairs, towing, and roadside service costs. There are three plan options available, so you can choose the coverage level that's best for you.
- Covered parts and labor at any ASE licensed repair facility in the U.S. and Canada (limits apply)
- Your choice of deductible ($0 to $100)
- Trip interruption up to $125**
- Rental reimbursement from $50 to $250
- Towing reimbursement of up to $100 per occurrence
- MPP can be transferred if you sell your vehicle
- 60 day Free Look - Can be cancelled with a full refund within 60 days (new) or 30 days (used)
- Cost can be added to your Greater Nevada loan
- Up to 8 years and 100,000 miles coverage
- Nationwide coverage
- Seals and gasket coverage
Debt Protection
With Debt Protection, you and your family won't need to worry about making your Greater Nevada loan payments if you are involuntarily unemployed, become disabled, or loss of life occurs.
- Single and joint options are available to meet your specific needs
- Up to $75,000 coverage per loan is available
- The premium is added to your loan balance each month
- Monthly payments are made automatically on all covered loans
- In the event of your death your loan balance will be paid in full
Certain rules and restrictions apply, so please contact Greater Nevada Credit Union at (775) 882-2060 or (800) 421-6674 for more information.
Debt Protection is a Debt Cancellation Plan and is not offered as insurance coverage. The plan is voluntary and not required in order to obtain credit. Greater Nevada will not consider whether or not you elect payment protection in making a credit decision.
*The vehicle must be financed with Greater Nevada Credit Union and the funds applied toward down payment.
**Up to a maximum of $125. Available if vehicle breakdown occurs more than 100 miles away from home and vehicle is disabled overnight.