Guaranteed Asset Protection
GAP benefits:
1
• Waives some or all of the dierence
between your primary insurance
settlement and the outstanding balance
on your vehicle’s financing due to a
covered total loss
1
• No maximum dollar amount on covered
losses waived
1
• Includes waiver of up to $1,000 for
your primary insurance deductible
2
• Transferable for a fee if another private
party assumes your finance agreement
3
• Cancelable at any time; after 30 days,
subject to a fee
3
Your best bet
for a worst-case
scenario.
Guaranteed Asset Protection
How GAP helps protect your
investment:
Here’s an example of how you are protected
by a GAP product if the vehicle is declared a
total loss:
1
Insurance assessment of
vehicle market value at time
of total loss $51,000
Primary insurance deductible $1,000
Market value of vehicle less
primary insurance deductible $50,000
Outstanding finance agreement
balance at time of total loss,
assuming all payments were
made on time $55,000
Potential amount you owe = $5,000
Potential amount waived
by GAP – $5,000
Out-of-pocket expenses with GAP $0
The example above is for illustrative purposes only.
Actual GAP waiver benefit calculations will vary
based on your specific circumstances and may not
result in a GAP waiver benefit. Primary insurance
deductible coverage is available up to $1,000, and
may not be available in all states.
GAP is not available for purchase on a leased vehicle.
Coverage exclusions may apply:
4
• Any amounts or terms exceeding
the program maximum limits listed
under “GAP benefits”, or in your GAP
Addendum
• Any amounts owed on your vehicle
financing resulting from late fees,
due date changes, or from missed,
delinquent, or skipped payments
• Total losses resulting from dishonest,
fraudulent, or illegal acts (such as
DUI) by customer, customer’s family
member, or other person acting under
customer’s authority
• Vehicles used for competitive racing
or for a prohibited commercial
purpose, including, but not limited to,
ride share services
• If the customer has refinanced the
original vehicle finance agreement
or the original covered vehicle
• The following deductions taken by
the primary insurer: prior damage,
salvage, missing items, excess
towing, custom equipment, and
storage
1 Please consult your GAP Addendum for details. GAP
programs vary by Dealer/lender/state of purchase.
Maximum eligibility limits and exclusions apply. Note
that you remain responsible for past-due payments,
late fees, and other charges on your finance
agreement, and any other amounts that are not
covered by the GAP product.
2 Primary insurance deductible coverage is not
available in all states. See state-specific provisions
in your GAP Addendum for complete details.
3 Please consult your GAP Addendum for complete
transfer and cancelation rules, including state-specific
transfer and cancelation rules.
4 Additional exclusions may apply. Please consult your
GAP Addendum for specific coverage details, including
limitations and exclusions.
Dollar Value ($)
Term of Vehicle Finance Agreement (Time)
$55,000
Vehicle Finance
Agreement Balance
Market Value of
Vehicle less Primary
Insurance Deductible
$50,000
“gap”
If you financed the purchase of your Audi,
you want to protect your investment. A
financial gap occurs when the amount your
insurer pays falls short of your finance
agreement balance. If your Audi is ever
declared a total loss due to an accident,
theft, or natural disaster, your gap and
your primary insurance deductible can
easily add to up to thousands of dollars.
Audi Pure Protection Guaranteed Asset
Protection (GAP) may help by waiving
some or all of the dierence between
your primary insurance settlement and
the outstanding balance on your vehicle’s
financing. GAP may also help provide
coverage for your insurance deductible,
subject to the terms and conditions of
the program. It’s your best bet for added
protection in a worst-case scenario.
AudiPureProtection.com
The Audi Pure Protection Guaranteed Asset Protection (GAP) product is optional and is not insurance. All transactions related to the optional Audi Pure
Protection program are governed solely by the provisions of the applicable Addendum. This document and its contents provide general information about the
Audi Pure Protection program and should not be solely relied upon when purchasing coverage. Please refer to the applicable Audi Pure Protection program
Addendum for details of terms, conditions, and specific coverage details, including limitations and exclusions, transferability, and cancelability. Coverage may
vary by state. Not all vehicle models may be eligible for coverage. Please see your Dealer for more information. This product is not required for you to obtain
financing for the purchase or lease of a vehicle.
The Administrator of Audi Pure Protection Guaranteed Asset Protection (GAP) included in the Audi Pure Protection program is Safe-Guard Products
International, LLC, Two Concourse Parkway, Suite 500, Atlanta, GA 30328, 1 (844) 368-6416.
VW Credit, Inc. (dba Audi Financial Services) is a servicer for VW Credit Leasing, Ltd. and VCI Loan Services, LLC. “Audi,” “Audi Financial Services,” and the four
rings logo are registered trademarks of Audi AG. © 2019 VW Credit, Inc. All rights reserved.
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