What is a GAP waiver, and why do I need one?
Losing your shiny new car to theft or a car accident is stressful enough, but then owing more than insurance will pay for a car you can no longer drive adds insult to injury. When it comes to buying or…
News Release: February Is Prime Time For Car Shopping
Consumers Urged to Shop Smart and Protect Their Investment TALLAHASSEE, Fla. — Besides hearts and flowers, February is the month for car deals – and dealerships everywhere are attracting consumers with lower sticker prices, cash-back offers, and special financing. But…
Presidents Day Tips
Buying a car this Presidents Day? Consider these tips before heading to your local dealership. https://youtu.be/AmnJTMmeeiw
Automotive News: A tussle over GAP for military members
A change to the Military Lending Act, designed to protect service members, has instead left some in financial distress. And it has dealers, particularly those near military bases, wrestling with how to comply with the law. A December 2017 interpretation…
Buying GAP insurance on a car could save you thousands
Hopefully, the Mississippi's leadership on this issue will inspire similar legislation extending free-look periods on GAP waivers throughout the nation. Read Full Story
New Law Provides Free-Look Period on GAP Waivers for Consumers in the Market for a Vehicle
JACKSON, Miss. — People who buy a car and purchase a GAP waiver in Mississippi now have added peace of mind thanks to a new law championed by the Guaranteed Asset Protection Alliance (GAPA) that took effect Sunday. This state…
WCPO Reports: ‘Car catches fire, single mom still owes $6,000’
Consumer reporter John Matarese at WCPO Cincinatti recently shared a real-life example of someone who didn’t get a gap waiver. Fortunately, this single mom and child are safe, but a gap waiver could have saved her the stress of having…
Confused about gap waivers? Here’s what you need to know.
By Tim Meenan Executive Director, Guaranteed Asset Protection Alliance All of the paperwork, new information and pressure presented during the vehicle-buying process can be a bit daunting, so it’s no wonder many folks get confused. One subject you definitely don’t…
GAPA Letter to DOD
The Guaranteed Asset Protection Alliance has written a letter to the U.S. Department of Defense urging the immediate withdrawal of "Question and Answer 2" of the DOD's Interpretive Rule, as amended, entitled "Military Lending Act Limitations on Terms of Consumer Credit…
Protect Your Vehicle from Potential Halloween Scares
TALLAHASSEE, Fla., Oct. 26, 2017 /PRNewswire/ -- With fall in full swing, families are starting their Halloween planning. Everyone remembers to stock up on candy and fun costumes for the kids, but it can be easy to overlook protecting your cars from all things spooky.…