Loans

Loan Protection

GAP Advantage (Guaranteed Auto Protection)

Your new car will lose 25% of its value as soon as you drive it off the lot. It's true. While that's something we can't change, we can help protect you if the unthinkable happens to your vehicle. If your vehicle is stolen and never recovered or totaled in an accident, GAP coverage will pay you the difference between the outstanding balance of your loan and any insurance settlement.

Plus, Guaranteed Auto Protection Advantage may even give you $1,000* to use when purchasing your replacement vehicle as long as that vehicle is financed through SunWest. This will be made available in the form of a $1,000 credit against the principle of the new loan and will not affect your monthly payment.

For a one-time payment, your new vehicle can be covered with Guaranteed Auto Protection from SunWest and Allied Solutions.

Mechanical Breakdown Protection (Extended Warranty)

Mechanical breakdown protection guards against costly, unexpected repairs to your vehicle wherever you are in the country. Plans also include 24-hour roadside assistance, road hazard protection for your tires, vehicle rental assistance as well as trip interruption benefits.

Debt Protection

Life is unpredictable.
Debt protection plans are available for most SunWest loans to help relieve financial pressure in the event of death, disability, or involuntary unemployement. With these plans, your loan balance or monthly payment will be canceled without penalty or added interest to give you peace of mind knowing your credit rating is protected. To discover which payment plan may be right for you, visit your local branch or call us at (602) 866-1100 or 1-866-897-9378.

*New vehicle must be purchased within 90 days of your original GAP Advantage claim. Your vehicle GAP claim must be paid out on eligible loans if your vehicle is totaled or stolen and not recovered. Prior GAP purchases, on or before December 31, 2007, do not qualify for the benefit.

Mechanical Breakdown Protection (Extended Warranty)

SunWest now offers an extended warranty for your new or used auto. Open enrollment is available contact your branch representative for eligibility details. The following are a few of the features and benefits:

• Money Back Guarantee*
• Worry-free Protection Against Unexpected Repairs
• Zero or Minimal Deductibles
• Comprehensive Coverage
• 24-hour Roadside Assistance
• Tire Road Hazard Protection
• Rental Vehicle Assistance
• Trip Interruption Benefits
• Nationwide Coverage

Visit our consumer web site today for an easy quote

Debt Protection

Life is unpredictable.
Do you worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills?

Debt Protection can help relieve financial pressure in the event of death, disability or involuntary unemployment. With Debt Protection, your loan balance or monthly loan payments will be cancelled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected.

Availability
Debt Protection is available for closed-end consumer loans of 120 months or less, credit cards, and closed-end home equity loans with terms of 120 months or less.

Definitions of coverage

Death – Give your family time to get back on their feet financially. Cancel loan balance as of date of death up to a maximum of $75,000.
Disability – Help avoid bills piling up as you try to regain your health and earning capacity. Use this benefit as a supplement to any disability coverage you may have at work (which usually only covers 60 percent of pay). Cancel up to six payments per occurrence with maximum monthly cancellation of $1,000 and a maximum aggregate benefit of $15,000 over the term of the loan per borrower.
Involuntary Unemployment – Ensure that one of your major monthly expenses will be taken care of as you search for new employment. Cancels up to four payments per occurrence with a a maximum monthly cancellation of $1,000 and a maximum aggregate benefit of $15,000 over the term of the loan per borrower

A benefit for you
We’ve designed our Debt Protection program to fit the times we live in today. More than ever, we all worry about things that might happen tomorrow. Debt Protection provides an important sense of financial security – knowing your loan will not become a burden to you in times of hardship. Please consult with one of our representatives to discuss our Debt Protection program in more detail.