Business GAP Insurance

FREE GAP on Business Auto Loans Financing

Get Free GAP*

Business GAP insurance is a low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance.

How does it work?

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GAP helps borrowers avoid financial loss in the event their vehicle is totaled or stolen. Since insurance settlements are based on the car’s actual cash value, they are often less than the loan balance, which creates a deficiency balance or “gap” that could jeopardize repayment. GAP waives the deficiency balance, saving the borrower and financial institution from a possible loan loss.

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Terms and Disclosures

*1% origination fee. Subject to approval. Refinancing of existing Bright Star Auto Loan is not permitted. Minimum Loan term of 36 months. Auto-Payment from Bright Star Business Checking account required. Non-Refundable GAP Insurance Commercial Rate: Valued at $599. § Autos, Light Trucks, Vans and Motorcycles.

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Business GAP Insurance