Dealer Financial Services Auto Guaranteed Asset Protection ...

Dealer Financial Services

Auto Guaranteed Asset Protection (GAP)

GAP program details

Bank of America Merrill Lynch GAP program is available on most contracts, regardless of the financing source.

GAP is available on loans with Loan to Value (LTV) up to 150%. GAP is available in most "waiver" jurisdictions as well as most

"insurance" states. Benefits calculated based on primary insurance settlement or

90% of the Actual Cash Value (ACV). Coverage is available for non-commercial vehicles up to

12,500 pounds Gross Vehicle Weight Rating (GVWR). GAP is available on loan terms up to 84 months.1 GAP is fully earned at claim (no dealer charge back at claim). GAP is approved with most major lenders and captive finance companies.2

Competitive rates3

Highly competitive rates that can put more money in your pocket.

Term 0?60 Month term policy 61?72 Month term policy 73?84 Month term policy

Rate $133 $189 $232

GAP facts

GAP is available on new and used vehicles. GAP will waive amounts up to $50,000. GAP is available on vehicles valued up to $100,000 (MSRP/NADA).2 GAP will cover negative equity.2 GAP will waive up to $1,000 of the insurance deductible.4 GAP costs just pennies a day.

We're dedicated to dealer success.

For more details on our GAP program, contact your Bank of America Merrill Lynch representative.

1Bank of America Merrill Lynch does not allow 84-month terms on Bank of America Merrill Lynch financed contracts; 84-month terms only apply to contracts from other lenders where applicable. 2GAP may not cover the entire loan balance. Payment is limited to $50,000. Certain other restrictions and limitations apply; please refer to the GAP contract for details. 3Rates shown include standard administrative costs and standard premiums for CLPs of dealer issued GAP waiver contracts and may vary. Pricing is not applicable to Florida or New York based dealers or to jurisdictions where GAP is treated as an insurance product, such as Texas, Oregon, Nevada, Michigan, Nebraska, Utah, and Montana. GAP may not be available in all states or be accepted by all assigning lenders. Please contact your Bank of America Merrill Lynch retail representative for details. 4Where allowed by law, please refer to the GAP contract for details. "B ank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. ?2010 Bank of America Corporation.

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