Vehicle & Boat Loans | Publix Employees Federal Credit Union

National Appraisal Guides, Inc. is the largest publisher of vehicle pricing. They also offer other useful information and tools for purchasing new and used vehicles, including automobiles, boats, RVs, etc.

Discover the fair value of the vehicle that you are interested in so that you can negotiate the best price.

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Guaranteed Asset Protection (GAP) protects you when you owe more money on your vehicle loan than the vehicle is worth.

If your vehicle is ever stolen or is in a major accident resulting in a total loss, your loan balance will likely be higher than your vehicle’s value. However, most insurance policies will only issue payoffs for estimated value of the vehicle.

That is where GAP can help. GAP covers the "gap" between the vehicle's value and the amount you still owe. It will pay the difference between your primary carrier's insurance settlement and the amount of your loan, less delinquent payments, refundable service warranty contracts and other insurance related charges. Your insurance deductible, which is limited to $1,000,* would also be included in the difference.

Here's an example of how GAP can help you:

Original purchase price of vehicle:	$25,000
Loan balance at the time of your claim:	$21,000
Insurance company's estimate vehicle's value:	$16,000
Money owed after insurance payout:	$5,000
Total GAP Benefit:	$5,000

GAP is also offered on boats, RVs, and motorcycles (up to $100,000) and and is provided at a price lower than most dealers. For more information, please call our Loan Department at (800) 226-6673 or visit your PEFCU local branch.

In these difficult economic times, Credit Union Members are making decisions to keep vehicles longer or buy used vehicles rather than new, with increasing frequency. Under these circumstances, the ability to provide quality, affordable Mechanical Breakdown Protection on those vehicles, represents a significant value to members.

The Route 66 Warranty Program addresses these needs in three significant ways:

The program offers the opportunity to add coverage to a member’s vehicle at any time. This feature allows members to add coverage to existing vehicles that they have decided to keep rather than trade!
Coverage is offered on any vehicle, with exception of exotic cars, regardless of age or mileage. Contact our Loan Department today for a quote.
The claims process is handled directly with the underwriters. Vehicle repairs are paid directly to the repair facility, no claim forms for you/the member to fill out.

For more information on this product or to sign up for this product – contact you nearest PEFCU Loan Department.

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Here's an example of how GAP can help you: