The article reports on results of Cannex's study of more than 400 personal car loan products in Australia. The study showed a large gap between the cheapest products at 5.25 percent and the most expensive at 18.95 percent. It revealed that majority of consumers pay between 8 and 14 percent....
Gap insurance is a type of auto insurance that you can purchase to protect yourself in case you total your car and the amount of compensation you receive does not fully cover the amount you owe on your financing or lease agreement. If the balance of your car loan is greater than the vehi...
Gap insurance, also known as guaranteed asset protection insurance, is designed to protect car owners from financial loss in the event of a theft or total loss of their vehicle. It covers the difference (or “gap”) between the amount owed on a car loan or lease and the actual cash value...
Gap insurance is a crucial component of auto insurance that protects vehicle owners from financial loss in the event of a total loss or theft of their car. It covers the “gap” between the amount owed on a car loan or lease and the actual cash value of the vehicle at the time of the...
Guaranteed Asset Protection (GAP) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan. A good rule of thumb is to assume your new vehicle will depreciate more than 20% after first year you own it, half of which occurs the mi...
value. Gap insurance may also be called "loan/lease gap coverage." This type of coverage is only available if you're the original loan or leaseholder on a new vehicle. Gap insurance helps pay the gap between the depreciated value of your car and what you still owe on the car. ...
You have rolled over negative equity from a previous car loan into a new loan What does gap insurance cover? If you suffer a total loss of vehicle, regardless of the situation, gap insurance will cover the difference of the amount you still owe on your lease or loan. This amount is usua...
Gap insurance is generally available to drivers who have financed or leased a new or nearly new vehicle. If you owe more on your auto loan or lease than the car’s actual cash value, you may benefit from gap insurance. Typically, financial lenders or leasing companies will require you to ...
GAP is a valuable and popular loan protection product that is designed to help protect auto loan borrowers and provide peace of mind. However, some recent industry news has highlighted the risk of sloppy marketing/sales tactics and reinforces the importance of marketing/selling GAP appropriately and...
Gap insurance is a type of auto insurance that covers the “gap” between the actual cash value of your vehicle and the remaining balance on your car loan or lease. This coverage is especially important for individuals who have financed their vehicles or are leasing them, as it can protect ...