Frequently Asked Questions

GAP is “Guaranteed Asset Protection.” If your vehicle is totaled or stolen, your insurance company will only pay the current cash value of your vehicle (actual cash value) not necessarily how much you still owe the bank (principal loan balance). Normally you are left to pay the difference out of your own pocket. GAP Covers the difference between the actual cash value and your principal loan balance (subject to terms and conditions) so that you aren’t left paying for a car you don’t have.


What are the Benefits of GAP Protection?

  • Financial Protection when you need it – your vehicle is accidentally Totaled or Stolen and not recovered within 30 Days.
  • Protection for the difference between the “Actual Cash Value” paid by the insurance company and the principal balance of your loan.
  • Protection for loan terms up to 84 months.
  • $1,000.00 Replacement Vehicle Benefit (not available in all states).
  • Protection for vehicle loans up to $60,000.00
  • Deductible coverage up to $1,000.00


With a vehicle service contract, the contract holder is covered when their vehicle experiences a mechanical breakdown or failure that is addressed by the vehicle service contract. The process varies throughout the industry, but, typically, you simply have the repair facility of your choice, employing an ASE certified technician, contact the provider’s claims center to report the claim prior to repairs. The claims representative then works with the service center to ensure that they receive their payment and that your vehicle is repaired.

If you are unsure of where to take your vehicle for repair, you can typically contact the administrator of your service contract for guidance. The terms of the agreement should make clear that certain costs are covered and certain costs may not be covered. In some cases, the contract holder may need to pay a deductible. The vehicle components that are specified for coverage in your agreement should be covered outright, provided regular maintenance has been properly and regularly performed as defined by the terms and conditions of your vehicle service contract. Click Here for more information & coverage.

Insurance is one of the most important factors when it comes to car buying, mainly because it is required by law, just like license plates, but also because it is one of the biggest expenses to consider when you are totaling up the amount of money you’ll be spending to own a car. You won’t be able to drive that new car off the dealer’s lot until you can prove it’s covered by your insurer.



The following items are required for Auto Loans:

  • Insurance against loss by fire, theft and collision
  • A deductible not to exceed $1,000
  • Insurance effective date the same date or a date before the loan was funded
  • List Lienholder’s Name as Loss Payee for Title & Registration Purposes

You can find out how much you can expect to pay by visiting our Financing Options Page. By inputting the amount of the loan, any down payment, the interest rate, and term you can see what your approximate loan payment will be.
We offer a variety of loan programs that may allow us to lend to someone with challenged credit or no credit, depending on the value of the car and the amount of the loan. Good credit gets as Low as 2.49% on approved credit.

Our pre-qualification is an easy, quick start toward your car buying process goal. Just take a few minutes and complete the Credit Application.

For most people, buying a car means getting a loan which they will be obligated to make monthly payments on for several years. That doesn’t mean, though, that the borrower is actually going to do that. Somewhere along the line, he or she is likely going to pay off that debt before the loan term ends. There are a number of reasons for this, the most common being that the borrower is ready to get rid of the vehicle and buy a new one. Whatever the reason, paying off a car loan early will require contacting the lender and finding out just exactly how much is owed.

Here’s where the payoff request comes in. As the borrower, you will have to contact your lender and ask for a payoff price. It used to be that you had to call your lender, make the request, and then wait for the lender’s written response to arrive in the mail. Or you might visit your agent’s office to make the request and get the response.

Love one of our cars, but can’t make the trip here? No worries! We ship to all over the US and Overseas. Contact us today and we can arrange for your wish to come true.

At Prestige Motors, We’ll buy your car even if you don’t buy ours® Get a real offer, not an estimate. Sell today and leave with payment in hand Your offer is good for 7 days.

You’ll get a real, written offer for your car, not just an estimate, and will leave with payment in hand.

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