Covers the Finance Shortfall
Helps protect customers if their vehicle is written off and insurance does not cover the full loan balance.
- Pays the outstanding loan balance not covered by the customer’s vehicle insurance.
- Avoids issues where money is owed on a vehicle they don't have.
Protects Customer Credit
By helping clear the remaining finance balance, GFP can reduce the risk of loan arrears after a total loss.
- Helps protect the customer’s credit rating by avoiding an unpaid finance shortfall.
- Supports the customer’s ability to finance another vehicle sooner.
Helps Customers Move On Faster
Reduces the financial stress on a customer that can often follow a serious accident or total loss claim.
- Helps remove the burden paying a loan for a written-off vehicle.
- Gives customers a cleaner financial position when replacing their car.
Gets Customers Back on the Road
When they replace their vehicle, GFP helps ensure they have funds available for their next purchase.
- Helps make it easier to move into the next vehicle after a write-off.
- Peace of mind for customers who have financed their vehicle purchase.