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Put your vehicle-buying plans in the fast lane with a flexible loan that keeps you in the driver’s seat. Whether you’re in the market to buy a car, truck, or SUV, you can trust your local lender to pair you with a loan that fits your budget. And, if you already have an auto loan but want to take advantage of a better rate, refinancing options are also available.
Will your insurance cover your auto loan in the event of a total loss or theft? Probably not. Even the best auto insurance may not cover the entire amount you owe on an auto loan. In fact, if the average new car owner has their vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after the insurance settlement.
GAP with PowerBuy™* can pay up to the remaining balance of your auto loan after an insurance payout and give you additional funds to finance your next vehicle with us. Instead of paying off a substantial loan balance for a vehicle you can no longer drive, you could be free and clear of your car loan and have funds to put toward a new car. To learn more, call us or stop by your local branch.
Additional Details
*GAP with PowerBuy™ is not considered insurance coverage in Maine. Your purchase of GAP with PowerBuy is optional. Whether or not you purchase GAP with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with Maine Savings. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP with PowerBuy. You should carefully read the contract for a full explanation of terms, conditions, and exclusions
Effective Date: Friday, November 8, 2024
| Approximate Term | Loan to Value | APR | |
|---|---|---|---|
| New Auto | Up to 10 yrs. * | Up To 125% | as low as 5.59% 1 |
| Used Auto | Up to 10 yrs. * | Up To 125% | as low as 6.09% 2 |
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