Consider gap insurance if any of the following apply to your financing or vehicle choice:
: Most lease agreements benefit from or even require gap insurance because depreciation often outpaces your payments. should you buy gap insurance
: You drive significantly more than average, which accelerates the car's loss of value. When You Can Skip It You likely do not need gap insurance if: Should You Buy Gap Insurance for Your New Car? Consider gap insurance if any of the following
: Gap insurance pays the remaining debt to your lender so you aren't stuck paying for a car you no longer own. When You Should Buy It : Gap insurance pays the remaining debt to
: Your repayment period is 60 months or longer .
Guaranteed Asset Protection (GAP) insurance covers the "gap" between your car's and your outstanding loan or lease balance .