After deciding to buy a new car, drivers will have to address some important questions, many of which will have to do with finances. "Can I afford it?" "What are the additional monthly costs?" These are usually answered before the purchase is made, but here is a question often overlooked. In the event of an accident, will I get another new car? All too often, that question gets an unsatisfying answer.
The reason why is because the policies many people have been sold only pay a predetermined percentage of the replacement cost of your car, or fair market value. For many, this leaves thousands of dollars at risk. GAP coverage is a solution for many to consider. This is an insurance policy that is designed to pay the between what your car is worth and how much is left on your loan. It offers peace of mind where some regular policies come up short. Let our financing team know that you are considering the purchase of GAP coverage and we'll offer help.
We break down what gap insurance is & what you need to know when in a dealer’s office: https://t.co/Ct6pOeabvo
— Edmunds (@edmunds) February 2, 2017