GAP Insurance Covers Your Car Loan All the Way

When you take out a loan for a new car, you have a responsibility to yourself to protect your asset. In the event of a catastrophic accident where your car gets totaled, you need to know that you will receive enough money to pay off your car loan so you can start over again.

With GAP insurance, paying off your car loan is the goal.

Unlike more standard policies that will only reimburse you for the market value of your car, GAP insurance covers the total amount you owe on your loan. Without GAP insurance, you can end up with a car loan for a vehicle that has been totaled.

Guaranteed Asset Protection, or GAP insurance, gives you the peace of mind you need when you buy a new car. Get in touch with the finance staff at Fiat of Portland and we can provide information about all the coverage options available to you. That way you can buy your next new car fully informed.

Categories: Finance

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