50% In 2 Years?!

97% LTV at Loan = $14,155.26 GAP Claim 23 Months later!

Ford Expedition

How does a nice 2018 Ford Expedition go from a book value of $46,575 in March of 2022, to a book value of just $22,225 in Feb 2024? One word, Depreciation!

This GAP claim was paid for a Credit Union member who did everything right, but had the misfortune of being involved in a crash that resulted in a total loss. The member made all his payments on time, but the combination of an 84-month term loan and electing two skip payments left him still owing a large loan balance at the date of loss.

Meanwhile, the vehicle lost over half its value in just 23 months resulting in depreciation of 52.28%! We agree there are some “junk fees” to address, but GAP isn’t one of them. Just ask this member, who would otherwise still owe over $14K for a truck they can no longer drive.

Discover how Frost GAP can help your members save after unexpected events, too!

Get your complimentary

GAP Analysis

Let the industry veterans at Frost give your GAP program an annual checkup. With a “no sales-pitch promise”, it’s quick and easy!

Register for your free GAP program analysis now.

Thanks for requesting a GAP Program Analysis!

Here’s how the process will work:

  1. You will receive an email in a few moments confirming the request.
  2. A GAP specialist from our team will reach out to you by email to discuss any NDAs or other documents necessary for everyone’s security. (Make sure you whitelist *@frostinsure.com so you get all our messages!)
  3. Program information will be shared and we will conduct our analysis. Upon completion, we will schedule a mutually-agreeable time to review the findings.
  4. Want to dig deeper on VisualGAP? Let’s get everyone involved in the decision making process into a session. Feel it’s not for you at this time? That’s ok. We appreciate your honesty and thank you for your time and trust.

Questions? Give us a call at 888-753-7678.