Porsche Protection Plan Products
Porsche Guaranteed Auto Protection (GAP) Plan
available from the Porsche Charleston Finance Center
Open Today! Sales: 9am-7pm | Call us at: (843) 996-1452
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 GAP Protection safeguards you by waiving the difference between your primary insurance settlement and the outstanding balance on your vehicle’s financing.
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
Porsche Guaranteed Auto Protection (GAP) is available on new, pre-owned, and Porsche Approved Certified Pre-Owned vehicles on Porsche Financial Services Retail Installment Sale Contracts at the time of vehicle purchase only.
How GAP protects your investment:
Here is an example of how Porsche GAP might cover a vehicle declared a total loss:
| Outstanding Retail Contract balance | $75,000 | |
| Insurance assessment of vehicle’s Actual Cash Value4 |
– | $66,500 |
| Amount You Owe | = | $8,500 |
| Primary insurance deductible2 | + | $1,500 |
| Your potential expense | $10,000 | |
| Waived by GAP | – | $10,000 |
| Amount you owe | $0 |
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 $1,5002
- 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 party3
Waives the amount equal to the unpaid net balance of your loan less the Actual Cash Value of your vehicle as determined by the primary insurance company. In certain instances the Actual Cash Value will be based on a regionally used and industry-accepted source.
Includes coverage for up to $1,500 of your primary insurance deductible.
Waives covered losses up to $50,000.
1Please 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.
2Deductible coverage is not available in Alaska and New York.
3Agreement 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.
4Vehicle’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.
Coverage exclusions may apply:
- 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
- Vehicles used for competitive driving, racing, or a prohibited commercial purpose
- 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
- Leased vehicles or balloon loans
Additional exclusions may apply. Please see your GAP Waiver Addendum for specific coverage details, including limitations and a complete list of exclusions.
Contact Us
Meet the Porsche Charleston Finance and Insurance Team
Special Offers
-
New 2020 Porsche Macan
Lease for $599 per month
for 39 months, 5k miles/year with $4,995 due at signing.Includes:
- First Payment
- Complimentary Gap Insurance
- 1st & 2nd Scheduled Maintenance Included
- $1,000 Excess Wear & Tear Forgiveness
View DisclaimerLease 39 months, $599 per month plus tax. 5,000 miles per year. No security deposit required with approved credit. Price includes a $599 closing fee and $1095 Acquisition Fee. Price does not include S.C. Infrastructure Maintenance Fee, pricing excludes tax, tag, and title fees. Residual $36,549 MSRP $58,950. All vehicles subject to prior sale and leases are based on top tier approval from Porsche Financial Services. Subject to vehicle availability, lease applies exclusively to stock #13448. Offer Ends 05/30/2020
-
No Payments For 90 Days
Eligible customers will have the option of deferring their first payment up to 90 days.
View DisclaimerPorsche Charleston Financial is pleased to announce the 90 Days to First Payment Finance Program.
Eligible customers will have the option of deferring their first payment up to 90 days.*Valid on New Porsche or Porsche Approved Certified Pre-Owned Vehicles which must be financed through PFS.
Subject to approval. See dealer for details. Offer Expires May 30th, 2020.
*Interest will accrue during the 90 days -
Porsche Approved Certified Pre-Owned
FINANCE AT 1.95% APR
for 60 months on all Porsche Approved Certified Pre-Owned Models
—and—
Eligible customers will have the option of deferring their first payment up to 90 days.View DisclaimerQualified customers only. 1.95% APR financing for 60 months. Excludes leases and balloon contracts. Available through Porsche Financial Services. Must take delivery of vehicle by May 30, 2020. Subject to credit approval by lender. Rate applies only to in-stock Porsche Approved Certified Pre-Owned models. Not everyone will qualify. See Porsche Charleston for complete details on this and other finance offers.
Porsche Charleston Financial is pleased to announce the 90 Days to First Payment Finance Program. Eligible customers will have the option of deferring their first payment up to 90 days.* Valid on New Porsche or Porsche Approved Certified Pre-Owned Vehicles which must be financed through PFS. Subject to approval. See dealer for details. Offer Expires May 30th, 2020. *Interest will accrue during the 90 days
-
New Porsche Models
FINANCE AT 1.95% APR
for 60 months on select new Porsche Models
—and—
Eligible customers will have the option of deferring their first payment up to 90 days.View DisclaimerQualified customers only. 1.95% APR financing for 60 months. Excludes leases and balloon contracts. Available through Porsche Financial Services. Must take delivery of vehicle by May 30, 2020. Subject to credit approval by lender. Rate applies only to select in-stock Porsche models. Not everyone will qualify. See Porsche Charleston for complete details on this and other finance offers.
Porsche Charleston Financial is pleased to announce the 90 Days to First Payment Finance Program. Eligible customers will have the option of deferring their first payment up to 90 days.* Valid on New Porsche or Porsche Approved Certified Pre-Owned Vehicles which must be financed through PFS. Subject to approval. See dealer for details. Offer Expires May 30th, 2020. *Interest will accrue during the 90 days
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(843) 628-2534
Call Now1515 Savannah Highway • Charleston, SC 29407
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Open Today! Sales: 9am-7pm
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Porsche Charleston
Phone: (843) 628-2534
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