Vehicle Protection
At Oregon State Credit Union
OSCU is here to help protect one of your most valuable and important assets: your vehicle.
DRIVE FORWARD — FULLY PROTECTED
VEHICLE PROTECTION OPTIONS
Guaranteed Asset Protection (GAP)
If your vehicle is totaled or stolen, insurance usually pays only the vehicle’s market value. If you owe more than that, you’re stuck paying the difference out of pocket — leaving you with a vehicle payment and no vehicle. GAP coverage waives the unpaid balance after your insurance payout (minus your deductible), protecting you from financial hardship and damage to your credit score.
More benefits of GAP coverage
- Free trial period: 100% refundable period for 60 days after purchase.
- Covers loans up to 96 Months.
- $2,000 toward a replacement vehicle with GAP Advantage* on qualifying loans.
- Complimentary Auto Deductible Reimbursement (ADR).
Auto Deductible Reimbursement (ADR)
When you buy GAP with Oregon State Credit Union, you also get Auto Deductible Reimbursement (ADR)** as a free benefit.
- Up to $500 per loss with unlimited claims per year.
- Covers vehicles you own or lease, as long as they’re insured in your name and supported by title, registration, or loan documents.
- Coverage starts immediately upon enrollment and lasts up to three years.
With GAP Advantage, if your vehicle is totaled and you finance your next vehicle with Oregon State Credit Union, you may qualify for $2,000 towards the purchase of your replacement vehicle. This benefit is available if your new loan is funded within 90 days of the total loss.
To qualify for Auto Deductible Reimbursement (ADR), you must meet specific eligibility requirements:
- Be the primary borrower or co-borrower.
- Own or lease the vehicle.
- Have an auto insurance policy naming you as the insured.
- File an approved claim that exceeds your insurance deductible.
Note: Certain exclusions apply. For example, ADR doesn’t cover commercial vehicles, recreational vehicles (RVs), or vehicles not insured at the time of loss. See terms and conditions for full details.
Mechanical Breakdown Protection (MBP)
Could you handle a surprise repair bill? If your car breaks down tomorrow, Mechanical Breakdown Protection (MBP) covers unexpected mechanical and electrical repairs — giving you peace of mind when the road gets bumpy.
MBP is automobile protection that extends beyond the manufacturer’s warranty. It helps pay for repairs to your car’s covered parts after your original warranty expires. You can take your car to any licensed repair shop in the US or Canada for covered repairs. MBP can also cover the cost of labor (subject to your deductible).
MBP is more than repair coverage
It also includes:
- Free trial period: 100% refundable period for 60 days after purchase.
- Multiple deductible options: 0, $100, $250 and $500.
- 24/7 roadside assistance: Provides assistance for flat tire, battery jump start, fuel delivery, lockout service and towing.
- Rental car coverage: Stay mobile while your car is being repaired.
- Trip interruption assistance: Reimburses costs for meals and lodging due to mechanical breakdown while away from home.
Why you should have MBP
- Financially protects you when part warranties expire
- Modern cars have thousands of parts, and any one of them could fail
- The cost of car parts is rising
Protect your investment
A car is a significant financial commitment. Don’t wait for unexpected repair costs.
Vehicle Protection Plan (VPP)
Vehicle Protection Plan (VPP or Edge VPP) is a package of coverage that protects the owner from normal driving incidents and out-of-pocket expenses that aren’t typically covered by insurance policies or manufacturer warranties.
What VPP covers
- Key or remote replacement
- Tire and wheel hazard protection
- Paintless dent repair
- Windshield repair
- 24-hour roadside assistance
Benefits of VPP
- Enhances vehicle ownership experience
- Eliminates out-of-pocket cost related to unexpected expenses
- Can help increase the resale value of your vehicle
- Place unlimited claims with no deductibles (except for a maximum of 2 key replacements per policy)
Depreciation Protection
Depreciation Protection coverage helps pay off some or all of your remaining loan balance if your vehicle is totaled or stolen and not recovered at any time during the life of your loan. It covers the difference between your car’s original value when you signed up and what you still owe at the time of total loss, giving you peace of mind and financial protection.
DPW Benefits
- 100% refundable during the first 60 days of purchase
- Protection triggered by collision, comprehensive total loss, or theft
- Life-of-loan coverage
- No restrictions on mileage, make, or year of the car
- Accidental Death protection included, canceling up to $1,000 of your outstanding loan balance in the event that you die in an accident
Why is DPW essential?
Depreciation affects every car, and DPW helps protect your equity.
- New vehicles lose approximately 20% of their value in the first year of ownership.
- Over the next four years, vehicles depreciate by about 15% annually.
- After five years, most cars are worth just 40% of their original purchase price.
Who should consider DPW?
- Members who finance 90% or less and want peace of mind.
- Those with equity in their vehicles through down payments, rebates, or trade-ins.
- Borrowers making accelerated loan payments.
- Drivers who want protection from car depreciation.
Financial Education Center
Peace of Mind Starts Here
Life happens. We’ll help you stay prepared with vehicle protection that keeps you moving forward. Visit a branch or call us to learn more.
