Guaranteed Auto Protection

With GAP, there's no such thing as a total loss

Think for a moment how typical auto insurance works: if you have an incident where your car is declared totaled due to theft, accident, fire, or flood, they usually pay the market value for the vehicle. If you still owe more than that on your finance or lease contract, you're stuck paying-unless you choose Guaranteed Auto Protection (GAP) from Toyota Financial Services, a product that can lessen or even eliminate your remaining balance.1

Get a grip on GAP

Here's how GAP works: In the event of a total vehicle loss, GAP covers you once insurance has paid its share, paying the difference (or deficiency) between your Toyota's insurance payment (usually market value) and the balance on your finance or lease contract. GAP will also pay up to $1,000 of your auto insurance deductible (if applicable) in most states.

As with most of our other payment protection and credit insurance plans, GAP is only available at the time you purchase or lease your new or used Toyota.

Take a look at the chart here for an idea of GAP coverage in action.

Finance or lease contract payoff amount $23,000
Minus total auto insurance settlement -$20,0001
$3,000
Plus auto insurance deductible +$1,0002
Total out-of-pocket expense $4,0003
Minus Toyota GAP payment4 -$4,000
Total owed to financial institution to pay off finance or lease contract $05

Dealer Rates - New Vehicles

Definition of New Vehicle: Model year is current calendar year or newer with 6,000 miles or less on odometer.

FINANCE CONTRACT TERM (IN MONTHS)   PLAN CODE ONE PRICE
 36 N60 $595
37 - 60 N60 $695
61 - 72 N72  $795
73+ N84 $895


Dealer Rates - Used Vehicles

Definition of Used Vehicle: Any vehicle with 6,001 or more miles on the odometer.

FINANCE CONTRACT TERM (IN MONTHS) PLAN CODE ONE PRICE
36 N60 $595
37 - 60 N60 $695
61 - 72 N72 $795
73+ N84 $895

For GAP customer service, call (206) 382-4300 . For more information on GAP, just ask Toyota of Seattle.

  1. Type and availability of GAP vary by state. GAP may not be available on finance and lease contracts in some states.
  2. Total auto insurance settlement before deductible is applied.
  3. GAP includes up to $1,000 of your auto insurance deductible (if applicable) in most states.
  4. Deficiency balance at time of total loss.
  5. Less any delinquent payments, taxes, and past-due charges. See agreement, certificate, or waiver or complete details. Some restrictions may apply.

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