The Importance of Having GAP Insurance On Your Next Vehicle

When some people are about to begin searching for a new vehicle, they are fully aware that they will be getting full coverage insurance on that vehicle. What some car buyers may not realize is the importance of purchasing GAP Insurance on their new vehicle as well. It may not be something that a lot of people want to think about but the possibility of totaling a new car, truck, or SUV that you still owe money on is real, and most insurance companies will only pay fair market value for that car when they write you a check.

If this were to happen, it would leave you with a totaled car, and you would still be stuck paying the rest of the loan out of pocket. By purchasing GAP Insurance for your new vehicle, it protects you from situations like this as it would cover the remaining balance on the vehicle. Contact us today to learn more from our financing team.

Categories: New Inventory, Finance, News