Porsche - Guaranteed Auto Protection (GAP)
Guaranteed Auto Protection (GAP)

Guaranteed Auto Protection (GAP)

Coverage in case of a total loss.

What is GAP?

In the event your Porsche vehicle is declared a total loss due to an accident, theft, or natural disaster, your primary insurance company might only reimburse you for the amount equal to their assessment of the market value of your vehicle at the time of the total loss, less your deductible amount. As a result, there could be a significant "gap" between what your primary insurer pays and the balance you owe on your vehicle retail contract.

Porsche Guaranteed Auto Protection (GAP) may help protect you by waiving some or all of the difference.¹

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.¹

How GAP protects your investment

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

The example above is for illustrative purposes only. The actual Waiver Benefit calculations may vary based on your specific circumstances and may be denied. Primary insurance deductible coverage is available up to $1,500. Please refer to your Addendum for a complete list of benefits, exclusions and limitations.

Coverage information:¹

  • Waives covered losses up to $50,000
  • Includes coverage for your insurance deductible up to $1,500³
  • 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 party⁴
  • 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.⁵

Coverage exclusions may apply:⁶

  • 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

¹ 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.

² 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.

³ Deductible coverage is not available in all states.

⁴ 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.

⁵ 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.

⁶ Additional exclusions may apply. Please see your GAP waiver addendum for specific coverage details, including limitations and a complete list of exclusions.

Discover More