Gap insurance is meant to cover the gap between the value of your vehicle and the amount that is sill owed on the vehicle in the event of a car wreck. At one point, many people who lease or take out a loan on a car owe more money towards the loan than what the actual car is worth. This is most common if the car is fairly new. The car’s value depreciates immediately after you drive it off the dealership. Therefore, if your car becomes completely totaled during this time frame you may end up owing a lot of money. As a result, gap insurance is used to protect you from this possibility, but it does not cover all cases.
You Have Delinquent Car Payments
Paying your car loan payment is important for keeping your credit score up as well as keeping
You Have Delinquent Car Payments
Paying your car loan payment is important for keeping your credit score up as well as keeping