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Carco Gap Form

Carco Gap Form

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I've got a secret that can save you thousands of dollars if your car is ever totaled in an accident let's talk about gap insurance a safety net that could save you thousands of dollars if things go wrong gap insurance stands for guaranteed asset protection it covers the difference between what you owe on your car and what it's worth if your car is total or stolen here's when you should seriously consider gap insurance if you're putting little to no money down on your car if you're rolling over negative equity or if you're going to sign a longer loan term something like 60 72 or even 84 months so let's say you owe $25,000 on your car but the car is only worth 20,000 if it's total you get into an accident they're only going to cut you a check for 20K and then you're still left with a difference of $5,000 here's where gap insurance comes in it steps in and it covers that 5,000 this is especiall

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