Porsche - Guaranteed Auto Protection (GAP)

Guaranteed Auto Protection (GAP)

Coverage in case of a total loss.

What is GAP?

In the event your Porsche is declared a total loss due to an accident, theft, or natural disaster, your insurance company might reimburse you only for your vehicle’s assessed value. As a result, there could be a significant gap between what your insurer pays and the balance you owe on your Retail Contract plus your insurance deductible.

Porsche Guaranteed Auto Protection (GAP) safeguards you by waiving the difference between your primary insurance settlement and the outstanding balance on your vehicle’s financing.

Available on new, pre-owned, and Porsche Approved Certified Pre-Owned vehicles on Porsche Financial Services Retail Installment Sales Contracts at the time of vehicle purchase only.

Considering the risks associated with theft, collision, and natural disasters, Porsche GAP can help put Retail Contract deficiencies and insurance deductibles behind you in the event of a total loss.¹⁸

How GAP protects your investment

Here is an example of how Porsche GAP might cover a vehicle declared a total loss:

This example is for illustrative purposes only. Actual calculation and dollar amounts may vary, including outstanding Retail Contract balance, insurance assessment of vehicle’s Actual Cash Value, and the deductible amount. Please refer to your GAP Waiver Addendum for a complete list of benefits, exclusions, and limitations.

Coverage information:

  • Waives covered losses up to $50,000
  • Includes coverage for your insurance deductible up to $1,500²⁰
  • Covers Retail Contract balance/amount financed up to 150% of the vehicle's MSRP/NADA value
  • Available on Retail Contract terms up to 84 months
  • Transferable for a $50 fee if you sell your vehicle to a private party²¹
  • GAP Plus benefit (not available in all states) of a $1,000 credit towards the purchase or lease of a replacement vehicle at the authorized selling dealer.²²

Coverage exclusions may apply:²³

  • Any amount or term exceeding the program maximums
  • The following deductions taken by the primary insurer: prior damage, salvage, missing items, excess towing, custom equipment, and storage
  • Total losses resulting from the customer’s dishonest, fraudulent, or illegal acts (such as DUI), or those committed by the customer’s family member or other person acting under the customer’s authority
  • Vehicles used for competitive driving, racing, or a prohibited commercial purpose
  • Leased vehicles or Balloon loans

¹⁸ Please refer to your GAP waiver addendum for details. Programs vary by state. Maximum eligibility limits and certain exclusions apply. Note that you remain responsible for any past-due payments, late fees, and other charges on your retail contract.

¹⁹ Vehicle’s current value as determined by your insurance company. In certain instances the Actual Cash Value will be based on a regionally used and industry-accepted source.

²⁰ Deductible coverage is not available in all states.

²¹ Agreement is transferable within 30 days of covered vehicle resale if private party assumes your retail contract and no other terms of the retail contract are modified.

²² GAP Plus is not available for purchase in AK, CO, FL, GA, KS, NE, NY, TN, TX, or WV, consult your authorized Porsche dealer. The GAP Plus Benefit is valid only at your authorized selling dealer in the form of a $1,000 credit toward the purchase/lease of a replacement vehicle after a Waiver Benefit has been approved. Please see your Addendum for details.

²³ Additional exclusions may apply. Please see your GAP waiver addendum for specific coverage details, including limitations and a complete list of exclusions.