Customer Value
GAP protection pays off what’s still owed on a totaled or stolen vehicle, but it doesn’t help the customer get back into a new one. Vehicle Loss Assist wraps around GAP coverage to defray the down payment and inception costs on a replacement vehicle — up to a $5,000 benefit in the event of a total loss.
Dealer Value
This is a natural pair with GAP: it closes the gap GAP itself leaves behind, and it keeps the customer’s next purchase moving toward your dealership instead of stalling out while they scramble for a down payment.
The LaterBank Difference
LaterBank trains your F&I team to present Vehicle Loss Assist alongside GAP as a single, connected story — not two separate pitches — so customers understand exactly what each product does and where the other leaves off.
Fit Review
This product makes the most sense for stores with strong GAP penetration already in place. We’ll help you review whether it fits your current GAP program and customer mix.
