Have you heard of gap insurance before, but not quite sure about what it entails or whether or not you need it when buying or leasing a vehicle? Whether you are interested in a new car, truck, or SUV, you will receive the guidance and advice you need when you work with us at Sansone Auto Group. As your local Avenel, NJ new and used car dealership, we have the staff and selection you need for an excellent automotive experience.
Guaranteed auto protection, or gap, insurance is a type of coverage that protects you in the event you suffer a total loss on your vehicle due an accident or theft. Gap insurance is necessary if you happen to owe more money on your loan than the vehicle is actually worth, which is something that most buyers experience. As a matter of fact, you may be required to have gap insurance if you are leasing as part of your agreement.
Not everyone is going to need gap insurance, and it is also an option that you can cancel after it is no longer necessary. If you prepaid for your gap insurance, you are also eligible to get a refund for the portion that was not used. No matter what, most drivers find that gap insurance only costs a few extra dollars per month, so it is very affordable for the tremendous amount of peace of mind it offers.
Are you looking to test drive a few new vehicles so that you can find your perfect match? Sansone Auto Group has what you are looking for, and we also feature a friendly in-house finance team to assist with the details, including information to help you decide if gap insurance coverage is the right route for you. Call us today at (866) 328-3333 or stop by to see us at 90-100 US Highway 1 North in Avenel, NJ.