Understanding Car Financing

DO I NEED
GAP INSURANCE

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"

 
 
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