Routing Number | 255077370

GAP Advantage with PowerBuyâ„¢

Fill the financial gap so you don't sink your finances.

Pick up coverage for when traditional insurance falls short.

$499 for Car, Trucks, and SUVs, $449 for Motorcycles

Roll this low cost into your Tower vehicle loan for ultimate convenience, or pay with funds on deposit.

Up to $500 for minor collisions in the first 36 months of coverage on an unlimited number of claims. Not available for motorcycles.

Advantage Benefit

Receive $1,000 toward the purchase of a replacement vehicle financed with us.*

PowerBuy™ Benefit

Get up to $5,000 toward the purchase of a replacement vehicle financed with us.*

Rely On Our Expertise

A dedicated, knowledgeable Tower claims advocate works on your behalf.

Think about a scenario you don't really want to consider: Your vehicle is totaled in an accident, or stolen. The amount of money you receive from your insurance company's payout might not be enough to cover the outstanding balance on your vehicle loan, leaving you on the hook. GAP Advantage with PowerBuy™ takes over, eliminating or reducing your loan's remaining balance and providing you additional money to finance your new or used car, light truck, van, SUV, or motorcycle with Tower.

Without GAP Advantage with PowerBuy

Your auto investment may not be covered.

With GAP Advantage with PowerBuy

Your auto investment is covered, along with the money for a replacement vehicle.


Payment Type Amount
Vehicle Actual Cash Value $17,500
Insurance Deductible -$500
Check amount from Primary Insurance $17,000
Loan Balance at time of Loss $23,000
Check amount from Primary Insurance -$17,000
Remaining Loan Balance (amount owed without GAP) $6,000
With GAP Advantage with PowerBuy -$6,000
Final Loan Balance $0
Auto Advantage Protection +$1,000
PowerBuy Benefit +$5,000
  +$6,000

With GAP Advantage with PowerBuy you could receive up to $6,000 toward your replacement vehicle.

Get more protection

*

Your purchase of GAP Advantage with PowerBuy is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with Tower. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits of GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation of terms. Cost can be included in your loan payment or paid in one lump sum from your Tower account.

Replacement Vehicle must be financed with Tower within 90 days from the date Tower receives the insurance settlement.