That’s why you need Guaranteed Asset Protection, or as you’ve probably heard it called, GAP.
This coverage protects your savings from having to pay the difference between what you owe on your ride and what it’s worth, so you won’t be stuck with a huge bill if it gets totaled or stolen. Plus, it reimburses you up $1,000 of your insurance deductible.
|If you are financing a vehicle at its current appraised value
|and the amount your insurance company pays toward your outstanding loan balance is less than what is financed at the time of loss,
|You may still owe after your insurance payout:
|PLUS you may no longer have a vehicle.
Accidents happen. When it comes to your fun ride and your money, be smart. Ask your dealership about protecting your purchase with GAP.
See contract for details.