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But I pay less insurance than I did on my CRV, and I have the new car total value replacement thingy on it. Can't quite remember what that was called, but you g
by ChrisClark 5y ago
But I pay less insurance than I did on my CRV, and I have the new car total value replacement thingy on it. Can't quite remember what that was called, but you get the idea.
- frumper 5y agoI believe gap insurance is the term you’re looking for.
- rdtwo 5y agoGap is only for leases I think
- pope_meat 5y agoNope, Gap is also offered when you're financing the car, it's meant to cover the gap between the value of your car and the loan total, since the moment you drive off the lot you're upside down, so if you crash 5 minutes later and the insurance only wants to cover the "value of the car", gap would cover the remaining loan balance.
- rdtwo 5y agoGuess it depends on the state. In my state they have to offer you an equivalent or better vehicle