What You Should Know Before Driving Your
Vehicle Off the Lot
Driving a new vehicle off the lot, especially after
putting no money down is like taking a leap
of faith. Why? In the event your car is stolen
or there is an accident, your auto insurance will
only cover the actual value of your vehicle. This
amount could be a lot less than what you actually
paid. Within the first two or three years
of ownership, your new vehicle will depreciate in
value faster than the loan balance. The result is
a financial “gap,” and you are responsible
for the left over amount. The good news is that with “GAP
insurance” you are protected.
- Paying the balance due on your loan that your
auto insurance does not cover
- Covers your financing agreement for the life
of the loan
- Delivers Risk Protection in the event of a total
loss
- Coverage up to $50,000
- No separate cash payment is needed- just add
the cost of “GAP” to your loan
- Receive $1,000.00 toward the replacement of a
vehicle as long as you finance with the original
lender within 60 days
Whether you are buying a new or used vehicle, ask
one of our financial service officers for more details
about "GAP" Insurance. It’s easy
to enroll and it’s easy on your wallet. Just
visit us or call us at (225) 621-2800.
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