Welcome to Wyatt-Johnson Subaru's Finance Department, your auto loan and car lease resource.Our finance managers are ready to provide financing for your new car, or we can assist in used car financing. Check out our online car loan calculator for an instant car loan rate. Wyatt-Johnson is also a MILES dealer, serving our Fort Campbell Military. Then, proceed to our online finance application.Don't hesitate to contact us, 877-853-9370, regarding affordable financing options on any new, or used car, truck SUV in Clarksville.
GAP insurance can provide valuable protection during the life of your car loan. If a loss occurs, GAP insurance will pay the difference between the actual cash value of the vehicle and the current outstanding balance on your loan or lease. Gap Insurance protects your vehicle lease or loan. Sometimes it will also pay your regular insurance deductible. If your vehicle has been totaled by accident, theft, fire, flood, tornado, vandalism, or hurricanes your insurance company typically pays the actual cash value. That may be less than its actual retail value. It may be considerably less than the amount you still owe on your loan or the amount due for a lease payoff. The difference between the actual cash value and your loan balance is the "GAP" being insured by the "GAP Insurance."
How GAP Works: For illustration only
Balance on finance contract:
$25,000
Actual cash value of vehicle:
(as determined by your primary insurance company)
$15,000
Less your insurance deductible:
$1,000
Insurance company's payment to you:
$14,000
Leaves you with a GAP of:
$11,000
Customers Benefits: *Waives most or all of a remaining net principle balance including a deductible up to $1,000 (where available) *Helps prevent potentially crippling financial obligations *GAP payments can be made as part of your monthly payment *Available on both new and used vehicles
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