Buying a new car is an exciting event for anyone. That said, it's also a responsibility. While you probably haven't thought about what you'd do if you wrecked your new car, you should absolutely consider your coverage options. Without the right insurance, you can end up owing money for a car that no longer exists.
"negative equity" got me like ?? ?? #adulting https://t.co/4it7FAuTp2
— Adulting101.how (@adulting101how) September 25, 2017
GAP insurance provides you with the extra protection you need in the unfortunate event of an accident that totals your vehicle. Whereas standard insurance will just reimburse you for the fair market value of your car, GAP insurance provides extra money to cover the difference between your vehicle's value and the money you owe on your car loan.
At Ed Corley Ford, we can provide extra information about your coverage options, including GAP insurance. The staff at our finance center in Grants, NM has experienced staff who can tell your everything you need to know.
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