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Lease + Gap Coverage?

Shawn Ryder

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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Does it make sense to lease?

Shawn Ryder

Disadvantages of Leasing a Vehicle While leasing has many advantages, there are drawbacks that potential lessees should consider: 1. Market Value Risks: An economic downturn can lead to depreciation that might affect resale value. Making the Decision: Lease or Buy?