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Unless that car is involved in an accident and it becomes a total loss. Carrying gap insurance can protect you from this possibility.
by nickthegreek 7y ago
Unless that car is involved in an accident and it becomes a total loss. Carrying gap insurance can protect you from this possibility.
- pc86 7y agoMany banks will require it in lease agreements if they feel your income/payment makes you less likely to be able to cover a total loss early in the lease. It's been a while since I purchased a Toyota but I believe they require it for all leases regardless (from your insurer, not TFS).