WHAT HAPPENS IF THE
VEHICLE IS TOTALLED DUE
TO ACCIDENT OR IS STOLEN
 & 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 OR LEASING COMPANY.

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 LEASE?

YES!

ALMOST ALL LEASES
PROVIDE “GAP INSURANCE”
AT NO CHARGE

IT IS NORMALLY CONSIDERED
PART OF THE BANK FEE

NEVER BUY “GAP WRAP”
SEE 2 CATAGORIES AHEAD