When you buy a new car, you need to be properly insured against a total car loss. What you owe on your vehicle is usually higher than what your car is worth to the insurance company. If you get into an accident and your car is unusable, you get stuck with a car loan for a car that you can't use.
""negative equity" got me like ?? ?? #adulting https://t.co/4it7FAuTp2
— Adulting101.how (@adulting101how) September 25, 2017
"
While a lot of insurance policies promise to a high level of "comprehensive" coverage, many don't cover a total vehicle loss. This can be devastating to anyone's budget. GAP insurance provides extra coverage that covers your entire loan and not just the value of your car.
If you're interested in learning more about GAP insurance and the protection it offers, contact the sales staff at Performance Lincoln in Randolph, NJ. We can help you acquire the information you need to make an educated decision about your car insurance.