GAP and debt cancellation
- Eligible remaining balance after a covered total loss
- Program structure and jurisdiction must be confirmed
- Benefit limits, excluded amounts, cancellations, and refunds require clear explanation
Automotive lending products
A complete protection portfolio for eligible auto loans.
Automotive programs can begin with GAP and vehicle service contracts, then add other categories when the credit union has verified member need, product fit, provider quality, and operational readiness.
New and used carsLight trucks and SUVsEligible electric and hybrid vehiclesEligible high mileage and specialty vehicles
Available product categories
Build the approved automotive portfolio.
Each category is a separate credit union decision. Product details, eligibility, provider, administrator, terms, pricing, jurisdiction, workflow, training, and servicing must be confirmed.
Vehicle service contracts
- Coverage for specified eligible mechanical and electrical repairs
- Plans may vary by vehicle age, mileage, use, and coverage level
- Deductibles, exclusions, authorization, and claims support materially affect value
Tire and wheel protection
- May address eligible road hazard damage
- Wheel, tire, cosmetic, and replacement terms vary
- Wear, preexisting damage, limits, and claim procedures must be clear
Key replacement
- May cover eligible replacement or reprogramming costs
- Key count, term, event limits, and related benefits vary
- Confirm whether roadside or alternate transportation benefits apply
Appearance protection
- May include eligible interior and exterior protection
- Covered events, treatment requirements, exclusions, and claims vary
- Avoid implying that every cosmetic condition is covered
Prepaid maintenance and theft recovery
- Maintenance may support planned service within stated terms
- Theft recovery may combine device and service features
- Evaluate data, privacy, installation, cancellation, and ongoing support
Credit union design questions
What changes for automotive lending?
The product set should follow the credit union’s actual loans, member circumstances, channels, systems, and service capacity.
- Direct and indirect workflow differences
- Vehicle eligibility and existing warranty overlap
- Electric, high mileage, commercial use, and modification rules
- Total loss, repair, cancellation, refund, and complaint support
Review GAP program details →Review service contract details →Review additional product standards →See the broader Elite FI Partners product catalog ↗
Product notice: This page provides general education and does not confirm current availability or coverage. The Elite FI Partners catalog is written for dealers and informs the range of categories that may be evaluated. A credit union program requires its own product, provider, legal, compliance, operational, and member experience review.
A next step centered on members
Request a product portfolio review →Build the right automotive product set for your credit union.
Start with a practical review of member needs, lending channels, workflows, employee readiness, and program priorities.