Gap Protection

Features & Benefits of Program

  • GAP pays the amount equal to the unpaid net balance less the primary insurance settlement
  • Protects customer's credit
  • Protects against negative equity
  • Covers collateral value up to $150,000
  • Available to franchise and independent dealers
Phil Meador Toyota in Pocatello ID

Terms of Program

  • Coverable within 30 days for a full refund; after 30 days, refund will be calculated pro-rata
  • Covers up to 84 months of loans or leases (terms over 84 months will be re-amortized to 84 months)
  • Covers amount financed up to 150% of NADA value or MSRP
  • Maximum claim amount is $50,000
  • Available at time of vehicle sale only

Exclusions of Program

  • Commercial and fleet vehicles
  • Vehicles exceeding 1 3/4 ton capacity
  • Loss or damage due to fraudulent acts
  • Not available at Buy Here/Pay Here lots
 

Phil Meador Toyota

1855 Flandro Drive Pocatello, ID 83202-4909
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Sales 833-515-3048
Service 833-674-2683
Parts 833-547-5309

Monday 8:30AM - 7:00PM
Tuesday 8:30AM - 7:00PM
Wednesday 8:30AM - 7:00PM
Thursday 8:30AM - 7:00PM
Friday 8:30AM - 7:00PM
Saturday 9:00AM - 7:00PM
Sunday Closed
Monday 8:00AM - 7:00PM
Tuesday 8:00AM - 7:00PM
Wednesday 8:00AM - 7:00PM
Thursday 8:00AM - 7:00PM
Friday 8:00AM - 7:00PM
Saturday 9:00AM - 4:00PM
Sunday Closed
Monday 8:00AM - 7:00PM
Tuesday 8:00AM - 7:00PM
Wednesday 8:00AM - 7:00PM
Thursday 8:00AM - 7:00PM
Friday 8:00AM - 7:00PM
Saturday 9:00AM - 4:00PM
Sunday Closed