Vehicle Loans

What Types of Vehicle Loans Does Trumark Credit Union Offer?

Wherever the road—or water—takes you, Trumark is here to help you get there. From auto loans to motorcycles, boats, and RVs, we offer flexible financing options designed to fit your life and your budget. With competitive rates, simple terms, and local support you can count on, it’s easy to move forward with confidence and turn your next adventure into reality.

Guaranteed Asset Protection (GAP)

Most vehicles depreciate by thousands of dollars as soon as they are purchased, leaving you liable for the difference between what your insurance company will pay and the outstanding balance of your loan if your car is stolen, totaled in an accident, or otherwise declared a total loss. This difference could cost you thousands of dollars out of your own pocket especially if the loss occurs early in the loan term.

Trumark GAP is available for $525, which can be rolled into your monthly payment and paid over time (interest will accrue on this amount).

GAP, provided by Trumark, relieves you of this responsibility by covering the difference between what your insurance company pays and the outstanding balance on your loan. It saves you from making payments on a vehicle that does not exist anymore. GAP is available on motor vehicles, power sports equipment (e.g., jet skis, ATVs), recreational vehicles, and watercraft.

As an added benefit, if your vehicle is a total loss, you are also eligible for up to $1,000 towards your insurance deductible and $1,000 toward the down payment of a new vehicle, if financed through Trumark. 

Enrolling in the GAP program is easy. Just tell a member service representative you would like to add GAP to your next vehicle loan. The fee for the coverage is added to your monthly loan payment. For more information on GAP, please call 1-877-TRUMARK.