What is Gap Coverage?
Gap coverage provides valuable protection during the early years of your auto loan, when your vehicle's value may be less than the amount financed. The auto loan experts at Neil Huffman Nissan of Frankfort can provide you with the information need at the time of purchase, so you can decide if gap coverage is right for you.
How Does Gap Coverage Work?
If you find yourself facing a total loss due to an accident or theft over the course of driving your used car or truck, gap coverage will pay the difference between the actual cash value of the vehicle and the current outstanding balance on your loan or lease.
Gap coverage insures that your auto loan gets paid. Gap coverage usually comes with a fairly small premium, and our experts at the Neil Huffman Nissan of Frankfort can provide you with all the information you need to decide if this form of coverage is right for you.