If you paid 25% or more upfront, your loan balance is likely already lower than the car's value.
GAP insurance is about peace of mind. If writing a multi-thousand-dollar check for a car you can no longer drive sounds like a nightmare, the small annual fee is well worth it. should you buy gap insurance on new car
Here is everything you need to know about GAP insurance and whether it’s a smart move for your wallet. What is GAP Insurance? If you paid 25% or more upfront, your
You own the asset outright, so there’s no loan to "bridge." should you buy gap insurance on new car
Most lease agreements actually require GAP insurance (and many include it automatically).
