"negative equity" got me like ?? ?? #adulting https://t.co/4it7FAuTp2
— Adulting101.how (@adulting101how) September 25, 2017
GAP insurance and leasing go hand in hand. If you are leasing your vehicle, you pretty much need GAP insurance. If you are buying, then you still should probably get GAP insurance, but it can depend on the situation. If you are not sure, you can always consult with someone at Metro Ford Inc., and they will be more than happy to help.
If you are buying your vehicle, you will need GAP insurance if you made a small down payment, if your car depreciates quickly, if you rolled over additional costs into your new car payments, or if you have a high-interest rate. If you made a healthy down payment, on the other hand, you might not need to get GAP insurance. Your insurance company will pay what your car is worth and not what you owe so as long as you are on top, then you will be fine.
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