Dear Valued Customer,
In this issue of “———————–” we focus on GAP insurance. Whether you purchase or lease your car, you need to understand what GAP insurance is all about and how it can benefit you when you need it the most.
The acronym G-A-P stands for Guaranteed Auto Protection. GAP Insurance ‘closes the gap’ between what your insurance company pays if your car is stolen or totaled and what you owe the finance company. GAP insurance could save you thousands of hard-earned dollars! It’s because of depreciation.
Look, all cars depreciate in value, you may even find yourself “upside down” before leaving the lot, or soon thereafter. In fact, according to some estimates, certain cars lose as much as 30% of their value within the first three months. Read on to understand it fully. Find out how it impacts your car loans or leases, whether you’re a candidate for GAP insurance, and more.
We appreciate your continued business and look forward to serving you.