Should You Buy Gap Insurance Link

: Gap insurance pays the remaining debt to your lender so you aren't stuck paying for a car you no longer own. When You Should Buy It

Guaranteed Asset Protection (GAP) insurance covers the "gap" between your car's and your outstanding loan or lease balance . should you buy gap insurance

: Your repayment period is 60 months or longer . : Gap insurance pays the remaining debt to

: Most lease agreements benefit from or even require gap insurance because depreciation often outpaces your payments. should you buy gap insurance

: You bought a luxury vehicle or a model known for losing value quickly.

Consider gap insurance if any of the following apply to your financing or vehicle choice:

: If your car is stolen or totaled, standard comprehensive insurance only pays the current market value.