Who Needs GAP Insurance?


That is a question that many buyers of new cars often ask themselves. Well, think of this. Imagine the nightmare of getting into an accident and having your vehicle declared totaled. Now imagine that even though you cannot drive it, you still have to make payments on it. That is what can happen if you do not have the foresight to purchase GAP insurance for that new car!

Most people think that when they have comprehensive car insurance, they are covered in the event of an accident. What they do not realize is that they are only covered for the current market value of the vehicle, not what is left on their loan payment. If they made a small down payment at the time of purchase, that may leave them with thousands, or even tens of thousands, left to pay.

Don't be left in dire financial straits, ask about GAP insurance at DeLacy Ford in Elma, NY.
Categories: Finance

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