Help When You Need it Most

• Loan-to-value ratio (LTV): A good marker would be if you financed more than 80% of the car's purchase price with Skyla.
  
• Long-term car loan: If you decide to pay off your car over a long time (like more than 4 years), you could end up owing more money than what your car is worth at some point. This is because cars lose value over time.
  
• Small down payment: If you only paid a little bit of money upfront (a small down payment), then you probably had to borrow more through your auto loan. Again, this could mean that at some point, you owe more than what your car is worth.
• Regularly driving your car for long distances: If you often drive far distances, your car's value may depreciate faster due to the high mileage. This could lead to a situation where you owe more on your loan than what the car is worth.
• Selecting a vehicle with high mileage:  If you bought a car that already had high mileage, its value will likely decrease faster than your loan balance. This increases the chance of owing more on your loan than the car's value.

GAP Protection comes with a cost, which you can choose to include in your loan or pay separately. To learn more about the price and your options, simply use our form to speak with a Skyla team member - we're here to help you every step of the way.

• Autos
• Light Trucks
• Motorcycles
• ATVs 
• Power Sport Vehicles
• Small watercraft 
• Larger Boats/RVs/Travel Trailers 

If you have GAP on a vehicle and file a claim for loss or theft, you'll have 90-days to apply for a new auto loan at Skyla. 

Then, once your application is approved, we'll credit $1,000 towards your new auto loan!