Cheap Gap Insurance For Your New Car or Used Car
Before You Buy Dealer Gap Insurance….
Gap Insurance is a policy you buy that sits on top of car insurance. If you buy a new car, or sometimes a used car (especially if you rolled in another note), the value of the car that an insurer uses may be much less than your actual note. That is especially true if you rolled other costs into your auto loan. If you purchased a car with a $25,000 note, but 6 months later the value of that car is only $20,000 because of depreciation, and your car is wrecked, you could still have $5,000 to pay on a note that covers a car you cannot drive!
Categories: Car Insurance Tags: Car Insurance, gap insurance
