The importance of GAP insurance

They say new cars depreciate 20 to 30 percent the minute you drive off the lot, which can be a bad thing if you get into an accident shortly after purchasing a new car. If your car is totaled, your insurance may not pay the full value, leaving you owing money on a car that isn't drivable.

That won't happen, though, if you have GAP insurance. GAP -- guaranteed asset protection -- insurance covers the "gap" between what you owe on your car and what your auto insurance will pay. GAP policies are very affordable and offer you the peace of mind that your car is fully covered in the event of a serious accident that leaves it totaled.

If you are looking to buy a new car, come see us at Hebert's Town & Country Ford Lincoln in Minden. We can take care of financing as well as provide you with GAP insurance.
Categories: Finance

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