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Protection Services

Guaranteed Asset Protection (GAP) Advantage with Power Buy1

Depreciation often leaves a “gap” between what you owe on the car and its actual cash value. If your vehicle is damaged beyond repair, or stolen and not recovered, you could be left paying the difference, and it could be thousands of dollars.

GAP helps reduce or eliminate any negative equity.

Typical Example:

You owe $24,000 on your vehicle and you total it. After subtracting your deductible, your insurance company awards you $22,000. You will be out-of-pocket for the $2,000 difference.

With GAP:

GAP benefit = $2,000, GAP Advantage benefit = $1,000, PowerBuyTM benefit = $5,000

Total benefit = $8,000

This scenario not only covers the $2,000 gap but gives you $6,000 towards a new vehicle. GAP Advantage can be added when you finance your auto, van, light truck or SUV. It can also be added to eligible vehicles financed in the previous 12 months.

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Mechanical Breakdown Protection (MBP)2

Trip Interruption

24/7 Roadside Assistance

Tire Protection

Rental Car Assistance

$500 One-Time Auto Deductible Reimbursement

Mechanical Breakdown Protection (MBP) protects you long after your warranty has expired, and Kinecta can usually offer it at a lower cost than your dealer. Also known as Major Mechanical Protection (MMP), this policy covers major components: engine, transmission, front and rear wheel drive, front suspension, steering, electrical and air conditioning. It also provides for rental car reimbursement and 24-hour roadside assistance. Unlike many other warranty programs, MBP allows for service at the repair facility of your choice in the United States and Canada. Coverage is transferable to a new owner, adding to the resale value of the vehicle. The cost of coverage can be included in your monthly vehicle payment or purchased separately.

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Our knowledgeable Member Contact Center team will answer your questions – big or small. If you need a specialist, they’ll put you in touch with one right away. Our goal is your goal: get you answers fast!

800.854.9846  Monday to Friday: 7am - 6pm Pacific, Saturday: 9am - 3pm Pacific
Or, stop by a branch and speak to us in person. (Except Federal Holidays.)

1Guaranteed Asset Protection (GAP). Subject to approval. GAP is not a product of Kinecta Federal Credit Union. Product is administered by Southwest Business Corporation (SWBC).

Your purchase of GAP Advantage with PowerBuy™ is optional. GAP Advantage with PowerBuy™ will not affect your application for credit or the terms of an existing credit agreement you have with Kinecta. There are eligibility requirements and exclusions that could prevent you from receiving benefits under GAP Advantage with PowerBuy™.

  1. GAP helps reduce or eliminate any negative equity.
  2. PowerBuy™ is only in force for the first 36 months of GAP coverage. PowerBuy™ benefit is in addition to the GAP Advantage benefit up to $5,000. $1,000 GAP Advantage benefit remains in force through the term of the loan and if replacement vehicle is financed through Kinecta within 90 days of the settlement.
  3. Purchase of GAP will either be refinanced into your Kinecta auto loan or paid out of pocket, based on the number of payments that have been made on the loan. If a credit card payment option is made, the charge will be processed as a cash advance and different rates may apply. Check your credit card agreement for applicable cash advance rates. Please check with a Kinecta representative for full payment options.

2Mechanical Breakdown Protection (MBP). Subject to approval. Mechanical Breakdown Protection is not a product of Kinecta Federal Credit Union. Product is administered by Southwest Business Corporation (SWBC)

MBP is considered insurance in some states. MBP will not affect your application for credit or the terms of any existing credit agreement you have with Kinecta. Plans are available for most new and used domestic and imported vehicles. There are eligibility requirements and exclusions that could prevent you from receiving benefits under MBP.