WHAT HAPPENS IF THE VEHICLE IS
TOTALLED DUE TO ACCIDENT OR
STOLEN AND NOT RECOVERED

IF YOU DO NOT HAVE
"GAP INSURANCE"
YOU ARE RESPONSIBLE FOR THE
DIFFERENCE BETWEEN WHAT YOUR
INSURANCE COMPANY PAYS AND
HOW MUCH IS STILL OWED AT THE
BANK.

IF YOU DO HAVE
"GAP INSURANCE"
YOU WILL BE PROTECTED IN THE
EVENT THAT THE VEHICLE IS A
TOTAL LOSE DUE TO AN ACCIDENT
OR IS STOLEN AND NOT RECOVERED.

YOU ARE ONLY RESPONSIBLE
FOR YOUR DEDUCTIBLE.

DO I NEED GAP INSURANCE
ON A FINANCE LOAN?

YES = NO MONEY DOWN
NO = LARGE DOWN PAYMENT

NO MONEY DOWN OR VERY LITTLE
MONEY OUT OF YOUR POCKET
WHEN FINANCING WILL CREATE
A "GAP" IN THE EVENT OF A
TOTAL LOSE.

IF YOU PUT DOWN A LARGE DOWN
PAYMENT THEN GAP INSURANCE IS
NOT NEEDED.

THERE WILL NOT BE A "GAP" BECAUSE
OF THE LARGE DOWN PAYMENT.

THE LESS MONEY FINANCED
THE LESS OF A GAP EXCISTS

BUY YOU DO LOSE YOUR
LARGE DOWN PAYMENT!

A VERY GOOD REASON NOT TO
PUT ANY MONEY OUT OF POCKET
AND BUY GAP INSURANCE.

NEVER BUY "GAP WRAP"