Category: Car & Automotive

GAP coverage provides members with financial relief if their car is totaled or depreciates below loan value by covering any difference between the primary insurance settlement and the payoff of their loan up to an agreed-upon maximum loan-to-value ratio.

Ask your credit union loan representative for details regarding GAP insurance or other loan protection products available; credit union membership is required!

Auto Deductible Reimbursement Coverage

GAP (Guaranteed Asset Protection) protects you against the difference between the actual value of your car and what you owe on the loan should its value decrease rapidly or when financing or leasing for an extended period. It can prove invaluable when financing or leasing for long periods.

GAP Plus can also provide financial relief if the costs of your auto repairs surpass your deductible amount, which will be applied towards your loan, reducing your debt. This service is available on financed vehicles with loan terms of up to 84 months.

The purchase of GAP insurance is optional and won’t affect either your application for credit or the terms and conditions of any loans with our Credit Union. Before purchasing GAP coverage, please be aware of any eligibility requirements, conditions, or exclusions.

Members who purchase MEMBERS CHOICE GAP and MRC automatically qualify for up to $1,000 of TruStage Accidental Death and Dismemberment Insurance Coverage through CMFG Life Insurance Company, providing cash benefits if either themselves or an insured dependent is killed or injured while driving a financed or leased vehicle financed or rented from them. This coverage goes above and beyond what their car’s manufacturer offers.

Mechanical Repair Coverage

Your car’s manufacturer warranty has expired and requires expensive repairs. Mechanical Breakdown Coverage, more commonly referred to as “MRC,” steps in where your factory warranty leaves off to help limit out-of-pocket expenses.

Whether it’s an auto loan or lease agreement, GAP and MRC could save you thousands. Get your quote now!

Members ChoiceTM Guaranteed Asset Protection (GAP) is an optional credit union service and should not be required as a condition of loan approval. Your purchase of GAP is entirely voluntary and won’t impact either your application for credit or existing agreements in any way. However, specific eligibility requirements, conditions, and exclusions apply; please refer to your contract for more details before purchasing. A refundable fee may also apply; in such cases, you can cancel within 90 days for a full refund (products are not available everywhere). (Products are not available everywhere.)

Tire and Rim Coverage

Ventura and Santa Barbara counties’ roads can take their toll on your car’s tires and wheels, and this optional plan offers comprehensive protection from road hazards, such as tire replacement and repair coverage, with no deductible.

GAP insurance protects your investment by covering the difference between what your primary insurer settles and your loan or lease balance (up to a specified loan-to-value percentage), potentially saving you thousands if your vehicle is stolen or totaled in an accident.

Auto protection goes beyond GAP extended warranty plans; it can also include features …

This year’s Covid-19 pandemic has affected everyone in ways unimaginable just a few months ago. But as the global pandemic does not seem to be going away anytime soon and as governments have been imposing lockdowns and new restrictions in many countries across the world each industry has to try to adapt themselves with the situation and the motorcycle industry is no exception. But what can motorcycle imports do to make themselves more resilient in the coming months as we are all forced to get more comfortable with this “new normal”. As most people have been forced to stay at home to respect social distancing guidelines there have been many challenges especially for motorcycle dealerships and importers. Because less and less people are leaving there houses and riding motorcycles and naturally even less are in any rush to buy a new motorcycle that they may not be able to ride in the next few months. So it is not very difficult to predict that demand for motorcycle imports will also go down. And even something that makes the situation even worse is that it doesn’t seem like many people will be in a rush to leave the safety and comfort of their houses to go and shop for a motorcycle anytime soon. So the demand for

How should motorcycle imports be managed? 

Naturally as less and less people will be leaving their homes the main concentration and focus of motorcycle dealerships and importers should be on digital sales. Motorcycle dealerships should make sure to be strong in their online presence since the dealership’s website has now become the main battleground among motorcycle dealerships to win against their competitors. All or at least most of the sales that used to happen in-store are now taking place online. So motorcycle dealerships have to be ready to target buyers in the online space and engage with them to understand what they demand in terms of motorcycle imports.

A new trend that motorcycle dealerships can take advantage of

Despite the fact that people leave their homes much less often than before. But interestingly the data shows that actually a new segment of buyers has opened up during the pandemic that were not previous in owning their own vehicle. But since it has become a large hazard to use public transportation, more and more people who would have never previously thought about buying their own car or motorcycle are now looking into buying one.…