How Does GAP Insurance Work?

How does GAP insurance work? It's an excellent add-on product you can purchase directly through our finance department. It's relatively inexpensive and can be included in the overall cost of your monthly payment. You at least want to consider the details of GAP.

GAP insurance, or Guaranteed Asset Protection, is an add-on that will pay for the difference between what you owe and what your vehicle is worth if an accident should occur. We all have accidents. It happens. A new car isn't worth quite as much once it leaves the dealership. A new driver means the new vehicle is now used.

It also means you most likely have monthly payments and a loan. That loan includes interest. The interest over the course of the loan term could be thousands of dollars. GAP insurance protects you in case you have an accident. You wouldn't have to pay the difference if your car is totaled. GAP insurance would assume the costs. It's a great add-on.

You can visit our service department today for more details.

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