The leasing company may also require "gap" insurance. This refers to the fact that if you have an accident and your leased car is damaged beyond repair or
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You are under no obligation to accept * included as part of your lease agreement. Why pay an insurance premium if you could get the same
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As an added bonus if you ever have to use your * and you finance your replacement vehicle with Arkansas Federal, your * will pay
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In some states, the leasing company may also insist on “gap” insurance, which is usually rolled into the lease payments. In the event your car is totaled,
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GAP pays the difference between the loan balance and what your insurance company will cover. You must have an SSSCU auto loan to purchase *.
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*. Ever heard of it? I hadn't until I needed it. After being involved in a car accident that totaled my two-year-old car, I discovered that I
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* will cover the difference (the gap) between what is owed on the lease and the amount that the primary insurer will cover.
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Many lease agreements include *. If yours doesn't--it should. * is also recommended for new car purchases.
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Consumers can buy "gap" insurance to cover the difference. It can be purchased separately or be included in your monthly lease payment.