Gap insurance can come in handy when buying a new vehicle. The reason being is that vehicles lose value the moment a consumer drives their car off the lot. They become used vehicles at the blink of an eye. Unfortunately, your insurance company won't cover certain costs if you wreck a brand-new vehicle. They won’t cover what you owe, but they can cover the cost of replacing your vehicle with one of equal value.

Gap insurance covers the cost of a vehicle’s depreciated value with what a person actually owes on their auto loan. It’s a good insurance to have by any means, and removes the worry about what will happen if your new vehicle is involved in an accident. You don’t want to end up having to pay any money out-of-pocket expenses that you may not be able to afford. Stop by our dealership and ask about gap coverage insurance. Our professional staff is happy to answer any questions you may have.

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