To give you peace of mind, Metco offers our members several loan protection options at rates that could be pretty hard to beat!
Even if another lender tells you they can beat our rates by a fraction of a percent, you’ll want to be sure to calculate the FULL cost of your loan when you purchase additional coverage — many times lenders will charge 2-3 times what we charge for loan coverage!
GAP covers the difference between your primary carrier insurance settlement and the payoff of your loan
Contact one of our Lending Professionals for more details or to see if you can add this coverage to your vehicle loan today!
Depreciation is essentially the opposite of GAP (and a great complement to GAP!).
While GAP protects your loan balance, it does not account for any down payments you made or established equity in the vehicle. Our Depreciation Protection ensures you are reimbursed for down payments, trade-in equity, dealer rebates, and established equity.
This protection could cancel your loan balance or payments up to the contract maximums in the event of:
In addition, Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent. Protect your loan balance or loan payments today so your family can worry a little bit less about tomorrow. Purchasing protection is voluntary and won’t affect your loan approval. It’s simple to apply.