Gap Insurance On New Car | Should You Buy

Check your loan-to-value ratio today. If you owe more than the car is worth, get covered. If you want to tailor this post further, let me know:

GAP (Guaranteed Asset Protection) insurance covers the difference between your car’s market value and the remaining balance on your loan or lease. should you buy gap insurance on new car

If you paid 25% or more upfront, your loan balance is likely already lower than the car's value. Check your loan-to-value ratio today

If you put less than 20% down, you are likely "underwater" on your loan immediately. should you buy gap insurance on new car