Get GAP insurance as a Financial Cushion

When you buy a new car, it’s usually an upgrade from the older one. This means a new set of technology and high-quality systems. Between now and the time it takes you to get used to your new car, it’s very easy to get into an accident. When this happens, you soon realize that the insurance can only replace the car at the current market value. A look at the market value and the actual value you bought the car and you notice a gap.

Well, if you do not have GAP insurance, the top up is coming from your pocket. This can be very draining especially because you spent a huge chunk to acquire your new car. The cost of depreciation even after a few months can go up to several thousands of dollars. This is why you should strongly consider getting GAP insurance.

To learn more about your options, talk to our finance experts at Lithia Chrysler Jeep Dodge of Tri-Cities. We are glad to answer all your questions so that you are better informed!

Categories: Finance, News

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