Auto Loan Protection Services
Products that give you permission to worry less and drive more.
When you finance your next new or used vehicle, you can also take advantage of these valuable protection services.
California Coast Guard Plus1
Protection that pays—if you find yourself in an unexpected financial situation, California Coast Guard Plus debt protection will cancel or reduce repayment of your loan debt—lessening your worries about paying loans and other bills during a time when other things may take priority. Simple eligibility requirements make enrollment fast and easy. Unexpected events include disability, loss of life and involuntary unemployment.
Guaranteed Asset Protection (GAP) Plus2
What happens if your car is stolen or totaled? Most times, your insurance company will only pay the current market value. Our GAP program is designed to protect against financial loss in the event your car is stolen or declared a total loss. GAP will pay the difference between the balance of your loan, the value of your car (max 115% Loan-to-Value), and will pay your insurance deductible up to $1,000, even if your vehicle isn't a total loss. As an added bonus, GAP will also pay you $1,000 toward your replacement vehicle.3
Mechanical Repair Coverage (MRC)4
The cost of repairs to your vehicle can be expensive. MRC can help limit repair costs—and protect your finances. MRC is a high-quality comprehensive coverage plan that safeguards you from expensive auto repairs whether you're one or one hundred miles from home. If a breakdown occurs when you’re out of town, MRC includes a "trip interruption" service which will help you pay for a rental car, meals, lodging, and 24/7 roadside assistance. There are no claim limits and you can transfer your policy if you sell or gift your car.
MRC Key Benefits:
- Rental reimbursement: up to $35 per day (5-day maximum, 10-day maximum for parts delay); available on the first day of a covered repair.
- 24-hour emergency roadside assistance: up to $100 per occurrence; includes towing, battery jumpstart, fluid delivery, flat tire assistance and lock-out service.
- No out of pocket expense (except for any deductible): the administrator pays the repair facility directly for the covered repair.
You May Also Like These Options
Car Buying Services
Learn more about car-buying services that can help you purchase a new or used car and finance with Cal Coast Credit Union. Cal Coast auto loan rates are now as low as 4.28% APR with discount.*
Auto Loan Refinances
Refinancing your auto loan can save you money by lowering your rate and in turn, reducing your monthly payment. See today's rates and find out how much you can save!
Platinum Choice Rewards Mastercard® Credit Card
Our rewards Mastercard® is a great way to make your credit card work for you as you earn rewards with each purchase.
- California Coast Guard Plus is a debt protection product offered by California Coast Credit Union. Enrollment in this debt protection product is voluntary and not required to obtain credit union auto loans. Please contact California Coast Credit Union or request the Member Agreement for additional information on benefit maximums, eligibility and limitations.
- For eligible vehicles up to 10 years old with 125,000 miles or less. A vehicle is not eligible for GAP if it is used to transport passengers for compensation, including but not limited to vehicles used as taxicabs or for ride-sharing.
- $1,000 will only be paid if insurance company does not pay loan balance in full, GAP claim is filed, and the auto loan is financed at California Coast Credit Union.
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Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in NH, where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX, where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 1-800-752-6265. This coverage is made available to you by TruStage™. Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product.
MRC-MRC-3489303.9-0623-0425 ©TruStage 2024, All Rights Reserved.
*APR = Annual Percentage Rate. Rates are current as of 05/31/2024. Loans subject to credit and collateral approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness. Other rates and terms available. Certain restrictions apply. Membership and credit subject to approval. Serving everyone who lives or works in San Diego, Riverside, Imperial, Orange, Los Angeles, Ventura, and San Bernardino counties. A one-time $5 membership fee and savings account required. Restrictions apply. CCCU does not endorse or encourage the product or services. CCCU urges you to do your own due diligence on the vendor and its product/service. Subject to credit and collateral approval. Advertised rate is our lowest Annual Percentage Rate (APR) and is effective 05/31/2024 and includes a discount for using the Cal Coast Auto Buying Service Powered by TrueCar at https://calcoastcu.truecar.com or New Cars Inc, our personalized concierge auto buying service (calcoastcu.truecar.com or NCI). Rates are subject to change without notice. Vehicle loan rates with the calcoastcu.truecar.com/NCI discount currently as low as 4.28% APR, depending on credit history, loan term and vehicle model year. The as low rate applies to vehicle model years 2022 and newer. A 29 month loan with a 4.28% fixed APR would have monthly payments of $36.37 per $1000 borrowed. If you use calcoastcu.truecar.com/NCI, the discounted offer is good for purchases; rate discount subject to change or end without notice. To qualify for discount offer you must use the Cal Coast Auto Buying Service at https://calcoastcu.truecar.com or New Cars Inc and either fund the purchase of a vehicle from the certified dealer listed on your Price Quote Certificate (Cal Coast TrueCar Savings Certificate) or purchase a vehicle from New Cars Inc. and finance your purchase with California Coast Credit Union. The Cal Coast TrueCar Savings Certificate must be generated prior to purchase and no more than 90 days prior to your loan being funded. Your loan will originally be set up without the rate discount. After your loan agreement is signed and your vehicle purchase is complete, we will confirm that you qualify for the discount and apply the discount to your loan as of the effective date of the loan. Discount for all year models is 0.50% off the approved interest rate for loan terms up to 5 ½ years (66 months). Discount for all year models is 0.25% off the approved interest rate for loan terms of 67 months and longer. Discounted rates are available for purchases and not valid for refinances and lease buyouts. Discounts cannot be combined with any other discount program or type. Please allow ten to fifteen business days after funding for processing your purchase and loan discount.
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