Your Car Buying Advocate

MARCH 4, 2025

Gap insurance can be a smart option to consider when buying a car. This insurance helps pay off what you still owe if your car gets totaled, and the payout from the insurance doesn’t cover the full loan amount. You might not need it for shorter loans or if you’re making a large down payment.

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Carscoops

JUNE 8, 2024

A man in Arizona says that his gap insurance denied his claim due to a 60-cent clerical error during the initial purchase. Standard car insurance, like collision and comprehensive coverage, will pay you the car’s current market value if it’s totaled in an accident or stolen.

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Shawn Ryder

JANUARY 17, 2025

One of the critical aspects of vehicle coverage is GAP insurance. GAP insurance, which stands for Guaranteed Asset Protection, plays a significant role in the event of a total loss of your vehicle. What is GAP Insurance? The ACV is the estimated market value of the vehicle, which declines over time.

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Shawn Ryder

JANUARY 17, 2025

If you’re considering whether to apply your down payment toward covering negative equity or if you should use it for a newer vehicle, it’s essential to understand the implications of each choice. These losses can sometimes outpace the rate at which car owners pay down their loan balances.

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Shawn Ryder

FEBRUARY 14, 2024

If you’re still paying off a vehicle loan, there’s a chance that the insurance payout might not cover the full amount you owe. This is where Guaranteed Asset Protection (GAP) insurance comes into play, providing crucial financial coverage to bridge this gap. What Is GAP Insurance?

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Carscoops

MAY 26, 2024

Vehicle prices are subject to change at all times, do not include adds or other fees, and may be subject to a Market Adjustment that is not reflected in the advertised price.” “When submitting my application online, the out the door number was $32,207 with GAP. Bait and Switch is this company’s marketing strategy.

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Shawn Ryder

JANUARY 18, 2025

Understanding the interplay between leasing and gap coverage is crucial to preventing potential financial setbacks in the unfortunate event of a total loss. This is where gap insurance comes into play. It covers the difference, or gap, between what you owe on your lease and what the insurance payout is.

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