American 1 Auto Loan Protection
A vehicle is one of the biggest purchases you can make. That’s why protecting your investment is so important. American 1 offers several options to help you safeguard your vehicle* — from the wear and tear of driving and from accidents.
Mechanical Breakdown Protection
Even a new car can face mechanical problems. Our Mechanical Breakdown Protection (MBP) features:
- Direct payments to repair facilities
- Four levels of protection
- 24-hour roadside assistance
- Tire protection
- Rental vehicle assistance
- Insurance deductible reimbursement
MBP is a smart investment for your new or used vehicle because it can save you from expensive repair costs, and can cover everything from the transmission to the glove box latch. American 1 has improved the eligibility requirements, meaning that just about every car can be protected with MBP. Ask for details.
Guaranteed Asset Protection
While the best mechanical protection can save money on costly vehicle repairs, it can’t protect it from being totaled or stolen. This is where our Guaranteed Asset Protection (GAP) comes in handy. If your vehicle is totaled or stolen, GAP covers the difference between what your insurance company pays and the balance of your loan.
For instance, if you owe $20,000 on your vehicle loan, but your insurance policy says the wrecked or stolen vehicle is valued at $15,000 that leaves you with a $5,000 balance on your loan. GAP can pay the remaining $5,000 loan balance.
Plus we’ll give you $1,000 toward the purchase of your next vehicle when you finance it through American 1.
Life and Disability Protection
No one likes to think about being injured or dying in an accident, but if it happened how would your loan or credit card get paid? No matter what your income level is, life and disability protection can help.
If you have an illness that keeps you off of work for two weeks or more, our disability protection will help cover your loan payments. If you were to die our life insurance protection will pay off your loan.
American 1’s life and disability protection is affordable, and more importantly, it gives you and your family peace of mind.
Protect yourself and your family, stop by any American 1 branch to get more information today.Go to main navigation