There are many reasons you feel a peace of mind when you choose to drive a Buick or GMC vehicle, including advanced safety features and available all-wheel drive to keep you under control in various driving conditions. At Nick Abraham Buick GMC, we also offer gap insurance as part of our coverage plans to help you maintain confidence throughout your driving journey.
Driving a new Buick Encore or GMC Sierra 1500 from our GMC dealer near Avon, OH allows you to enjoy a smooth driving experience and exciting new technology features. Many finance terms now extend up to 72 months, resulting in lower payments. However, this also means that there is a longer period of time where your car isn’t paid off. And new car depreciation often means that you actually owe more than what your vehicle is currently worth early on in the repayment term.
In the event that the worst happens and your car ends up getting totaled or stolen, typical insurance policies only pay you the current market value of the car, rather than what you owe. This can leave you still owing money to your lender while needing to purchase another vehicle, adding stress on top of stress. When you opt for gap insurance, however, this difference is covered, and you won’t have to worry about paying off the rest of your car loan. See why it’s called gap insurance?
While it’s never pleasant to think about the possibility of your car getting totaled or stolen, it’s worth it to make sure you’ll be protected in the event it does happen. Plus, gap insurance policies are inexpensive and won’t take much out of your budget.
Feel free to visit our contact our Buick finance department today to learn more about if gap insurance is right for you. We look forward to assisting you!