Do I Really Need Gap Insurance?

It has been my experience that Gap insurance is one of the most useful products you can buy.  It can save you thousands of dollars in the event of a total loss on your car while money is still owed.  Let me explain in a little more detail.  Let’s say you bought an Infiniti G37 Sedan six months ago, and financed for five years.  Now you have an accident, and the car is totaled.  If you owe $32,000, and the insurance company estimates the car to be worth $27,000, you would owe $5,000 to the bank to satisfy that loan.  If you have Gap insurance, you will owe nothing, because Gap insurance will pay that $5,000 difference.  As you can see, Gap insurance is one of the best value products you can buy to go with your new or used car.

To get more information about buying a new or pre-owned Infiniti or luxury car, suv or crossover, contact me at joe@indianapolisimport.com.