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Car Buying Questions - Tip #2 Gap Coverage

If you are in the market to buy a new car and you are like most people and will be getting a loan, one thing to consider getting is Gap Coverage or Gap Insurance.  When you purchase a new car and you drive it off the lot the value of the car significantly depreciates.  If you were to get into an accident driving it off the lot and it was classified as total loss then you could potentially be out thousands of dollars.  Since the value of your car is less than the amount you financed, you would be expected … Continue Reading