If your Mercedes-Benz vehicle is stolen or declared a total loss in an accident, there can be a significant difference between the amount your insurance company will cover
and the balance owed to Mercedes-Benz Financial Services. First Class Guaranteed Auto Protection (GAP) not only covers this difference, but it also reimburses you for the out-of-pocket cost of your insurance deductible - up to $1,000.
Consider this scenario: You purchase a $60,000 Mercedes-Benz vehicle. Seven months later, you get into an accident that totals your car.
$55,000 (Loan payoff)
-$50,000 (Vehicle value)
$5,000 (The gap)
+1,000 (Insurance deductible)
$6,000 (Total potential out-of-pocket expense)
-$6,000 (Covered by First Class GAP)
$0 (Amount you owe)
Ask your Mercedes-Benz dealer about First Class Guaranteed Auto Protection today.
This information is intended solely as a summary of an optional product called First Class Guaranteed Auto Protection (subject to program exclusions, limitations, and conditions).