Why get an auto loan from Latitude 32 instead of from the dealership? Our loan officers have your best interest at heart, and when you pair that with their expert knowledge, you can be sure you are getting the loan that’s right for you. Also, showing the dealer that you’ve been pre-approved for a car loan can give you an upper hand in negotiations.
We also offer Mechanical Breakdown Protection (MBP), Guaranteed Asset Protection (GAP), and Credit Insurance through a third-party vendor.
Mechanical Break Down Protection – Provides protection against mechanical breakdowns beyond the existing manufacturer’s warranty. MBP can help ensure that the investment in your vehicle is protected, and reduces the possibility of out-of-pocket expenses when your vehicle suffers an unexpected mechanical failure.
Guaranteed Asset Protection – Covers the deficiency balance on your loan in the event of a total loss. In the event of theft or total loss of your vehicle, most insurance companies only pay the Cash Value of the vehicle at the time of the loss. Your remaining loan balance could be much greater than the Cash Value of your vehicle creating a deficiency of several thousand dollars that you’re liable for!