If your $40,000 car is totaled three months later, your insurance company might only pay out $34,000. If you still owe $38,000 to the bank, you are on the hook for that $4,000 difference. GAP insurance steps in to pay that bill. When You Should Buy It
If you’re paying the car off in three years or less, you'll reach "equity" very quickly. 💡 Pro Tip: Don’t Buy at the Dealership
GAP insurance is about peace of mind. If writing a multi-thousand-dollar check for a car you can no longer drive sounds like a nightmare, the small annual fee is well worth it.
Check your loan-to-value ratio today. If you owe more than the car is worth, get covered. If you want to tailor this post further, let me know:
Should You Buy GAP Insurance on a New Car? You just drove your shiny new car off the lot. You’re thrilled with the tech, the smell, and the smooth ride. But then a thought hits you: what happens if this car gets totaled tomorrow?
If your $40,000 car is totaled three months later, your insurance company might only pay out $34,000. If you still owe $38,000 to the bank, you are on the hook for that $4,000 difference. GAP insurance steps in to pay that bill. When You Should Buy It
If you’re paying the car off in three years or less, you'll reach "equity" very quickly. 💡 Pro Tip: Don’t Buy at the Dealership
GAP insurance is about peace of mind. If writing a multi-thousand-dollar check for a car you can no longer drive sounds like a nightmare, the small annual fee is well worth it.
Check your loan-to-value ratio today. If you owe more than the car is worth, get covered. If you want to tailor this post further, let me know:
Should You Buy GAP Insurance on a New Car? You just drove your shiny new car off the lot. You’re thrilled with the tech, the smell, and the smooth ride. But then a thought hits you: what happens if this car gets totaled tomorrow?