Should You Buy GAP Insurance on a New Car? You just drove your shiny new car off the lot. You’re thrilled with the tech, the smell, and the smooth ride. But then a thought hits you: what happens if this car gets totaled tomorrow?
If you paid 25% or more upfront, your loan balance is likely already lower than the car's value.
GAP insurance is about peace of mind. If writing a multi-thousand-dollar check for a car you can no longer drive sounds like a nightmare, the small annual fee is well worth it.
Should You Buy GAP Insurance on a New Car? You just drove your shiny new car off the lot. You’re thrilled with the tech, the smell, and the smooth ride. But then a thought hits you: what happens if this car gets totaled tomorrow?
If you paid 25% or more upfront, your loan balance is likely already lower than the car's value. should you buy gap insurance on new car
GAP insurance is about peace of mind. If writing a multi-thousand-dollar check for a car you can no longer drive sounds like a nightmare, the small annual fee is well worth it. Should You Buy GAP Insurance on a New Car