Guaranteed Auto Protection (GAP)

GAP minimizes - or may eliminate - your financial obligation if your vehicle is declared a total loss before you've made your final payment.

If you're still making payments on your Toyota, GAP can minimize or even eliminate your financial obligation if your vehicle is declared a total loss. A primary auto insurance settlement is generally based on vehicle market value, which could be less than what you still owe on your finance or lease contract.

So who pays the remainder? You do - unless you have Guaranteed Auto Protection.

Classic Toyota’s GAP program is designed to protect you and your family from an unexpected financial burden if your vehicle is declared a total loss from causes such as theft, accident, fire, or flood. GAP will pay the difference (or deficiency) between your vehicle's market value and the balance on your finance or lease contract, including up to $1,000 of your auto insurance deductible (if applicable) in most states.

How GAP Works (for illustrative purposes only):

Finance or lease contract payoff amount	$23,000
Minus total auto insurance settlement	-$20,000¹
Balance due to pay off your loan or lease	$3,000
Plus auto insurance deductible	+$1,000²
Total out-of-pocket expense	$4,000³
Minus Toyota GAP payment⁴	-$4,000
Total owed to financial institution to pay off finance or lease contract	$0

The following Toyota vehicles qualify:

All new Toyota vehicles
Used vehicles that are current year plus nine model years old with less than 100,000 miles.

GAP is available ONLY at the time of vehicle purchase or lease on new Toyota vehicles and on used Toyota vehicles. Ask your Classic Dealer Group finance specialist for GAP.

To obtain a program brochure, please contact us or call 877-216-7474.

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Welcome to CLASSIC Toyota, your Waukegan dealer! Whether you’re searching for new or used cars Classic Toyota is the Waukegan dealership for you. At our new car Waukegan dealership, we are ready to provide you with the professional assistance and quality information you need to get behind the wheel of a new car at new car prices Waukegan customers will love. The inventory of new cars Classic Toyota offers is a great selection of autos from a great automaker. Classic Toyota has an extensive inventory and great new car prices Waukegan residents can take advantage of. We are the new car dealer Waukegan shoppers can trust to find good deals and a range of models to select from.Looking for a new car dealer Waukegan Toyota owners visit for scheduled maintenance and parts? We offer timely service and a full range of parts as a committed new car Waukegan dealer. We strive to be a customer-friendly new car dealer Waukegan residents can visit for friendly faces and excellent service. As a new car Waukegan dealer, our top goal is your satisfaction and helping you find the best Toyota for you. Anyone looking for a Waukegan dealership will find our sales staff’s friendliness and knowledge to be top-notch. Our only priority as your Waukegan dealership is you. If there is anything we can do to help, please let us know. View our hours and directions and schedule a test drive today!

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