Program Features

Ease of Mind

The MasterTech™ Debt Protection Program can waive covered GAP amounts of up to $50,000.


Full coverage on purchases of new and pre-owned vehicles valued or financed up to $125,000.

GAP Exposure

The value of your new or pre-owned vehicle starts to depreciate the moment you take possession of it. If a total loss occurs, you are personally responsible for the difference between what you still owe on your vehicle and the primary insurance carrier’s settlement amount, commonly referred to as the “GAP.”

*The above graph is based on the Administrator’s internal research and may not reflect actual GAP exposure. Specific GAP exposure will vary by loan and vehicle value.

Additional Benefits1

Streamlined Processing

For efficient and accurate processing, the GAP benefit is paid directly to the lienholder to be applied to your loan or lease.

Deductible Benefit

Your primary insurance carrier’s deductible may be covered up to $1,000.

Money-Back Guarantee

A full refund will be provided if you cancel your GAP Waiver within 30 days of purchase, providing no benefit has been waived. After 30 days, your refund will be pro-rated.

1 Programs may vary by dealer, lender, and/or state

GAP Benefit Example2

Net loan payoff balance $33,977
Less primary insurance carrier settlement ($29,040)
Less vehicle service contract refund ($700)
Outstanding Loan Balance $4,237
Less primary insurance carrier’s adjustment (Wear & Tear) ($175)
Potential MasterTech™ Debt Protection Program GAP benefit $4,062
Final loan balance (your out of pocket expense) $175

2 This example is for demonstrative purposes and is only provided to show you what a potential benefit breakdown may look like.