Loan Add-On Products
Protect your loan with our Add-On Products, including GAP Insurance, Extended Warranties, Payment Protection, and Depreciation Protection.
Choose a Loan Product
EXTENDED WARRANTY
The Route 66 Extended Warranty offers the
most comprehensive coverage for all automobile makes and models, so you can enjoy your new vehicle
with complete peace of mind.
Extended Warranty Features and Benefits
A Route 66 Extended Warranty for your vehicle protects your investment from expensive mechanical breakdowns. It includes:
- $0 deductible
- 24/7/365 Roadside Service
- Rental car benefits
- 30-day money-back guarantees
- Nationwide coverage
- Fully transferable coverage
Purchase your Route 66 Extended Warranty at any time during the life of the vehicle, regardless of whether your vehicle is still under a manufacturer’s warranty.
GAP Insurance
Buying GAP Insurance covers the difference between your vehicle's value and your outstanding car loan balance, protecting you from financial harm if your vehicle is totaled or lost.
GAP Insurance Features and Benefits
- Pays the difference between your vehicle’s insurance payout and what you still owe on your loan
- Helps offset depreciation that happens early in vehicle ownership
- Reduces out-of-pocket costs by paying down loan balances that insurance won’t cover
- Provides peace of mind by helping you avoid financial strain after a theft or serious accident
How Does GAP Work?
If your vehicle is stolen or totaled, your loss could add up to more than its value. The value of any vehicle declines rapidly during the first few years of ownership, but insurance policies only cover the value of your vehicle at the time of the loss. Now you can protect your vehicle with Guaranteed Asset Protection. GAP Insurance works by covering the “gap” between what your car is worth and what you still owe.
- GAP protection steps in when your vehicle is stolen and not recovered or is totaled in an accident
- GAP waives the difference between your insurance settlement and the payoff of your loan or lease
Payment Protection Insurance
Payment Protection Insurance (PPI) prevents a loan default due to disability, death, or involuntary unemployment, protecting your family's finances and credit rating.
And, adding this protection to your Telcoe loans won't negatively affect your credit.
Payment Protection Insurance Features and Benefits
Protection
- Reduces the financial burden on your family in the event you are unable to work for any reason.1
- Protects your credit rating by helping to ensure your loan will not end up in default.
- Does not affect your credit rating when added to your Telcoe loans.
Convenience
- Application is easy and done at the time of the loan application
- Monthly premium is included in your monthly loan payment
Eligibility
- Protection is available up to the age of 69
- No medical exam is required
Payment Protection Insurance Options
LIFE
| Cost per $1,000 | Type of Coverage |
|---|---|
| $1.03 | Single Life Payment Protection |
| $1.65 | Joint Life Payment Protection |
LIFE & DISABILITY
| Cost per $1,000 | Type of Coverage |
|---|---|
| $2.03 | Single Life & Single Disability Payment Protection |
| $3.54 | Joint Life & Joint Disability Payment Protection |
LIFE & DISABILITY & INVOLUNTARY UNEMPLOYMENT
| Cost per $1,000 | Type of Coverage |
|---|---|
| $2.72 | Single Life & Disability & Involuntary
Unemployment Payment Protection |
| $4.86 | Joint Life & Disability & Involuntary
Unemployment Payment Protection |
1 Please see full disclosures for specific information regarding your policy.
Investments/Insurance/Warranties: Not NCUA Insured • Not Credit Union Issued, Guaranteed or Underwritten • May Lose Value
Depreciation Protection
Enjoy peace of mind and protect your investment in your new vehicle by adding Depreciation Protection.
What is Depreciation Protection?
A Depreciation Protection Warranty covers your vehicle's depreciation. In the event of a total loss, it offers a payout equal to the difference between the vehicle's NADA Retail value at the time you enrolled and your loan balance at the time of loss.
Your payout will never exceed the maximum benefit selected or the outstanding loan balance, whichever is less.
Depreciation Protection is Ideal for Those Who:
- Make a smaller down payment on their vehicle
- Have a longer loan term
- Own a high-depreciation vehicle
Product Features
- Pays the difference between your vehicle’s original value and its cash value if it’s totaled or stolen
- Provides funds you can use toward buying a new, comparable vehicle
- overage lasts the length of your loan or a set number of years
Explore These Great Loan Options
Auto Loans
Whether you're buying a new vehicle or refinancing an existing loan, our flexible terms and low interest rates make it easier to drive away with confidence.
Learn MorePersonal Loans
Telcoe offers a variety of Personal Loans to meet all of your lending needs. No need to touch your savings, we offer competitive financing for just about anything.
Learn MoreHome Loans
We offer the most competitive rates and closing costs in Arkansas on mortgage loans, home equity loans, and home improvement loans.
Learn More1Please see full disclosures for specific information regarding your policy. Investments, insurance, and warranties are not NCUA Insured or credit union issued, guaranteed or underwritten. May Lose Value over time.