WHAT IS THE DIFFERENCE
BETWEEN GAP INSURANCE
AND GAP WRAP ?

GAP INSURANCE
PROTECTS THE CONSUMER
FROM A LARGE MONETARY LOSS
DUE TO THE VEHICLE BEING
DECLARED A TOTAL LOSS
DUE TO ACCIDENT OR THEFT
AND NO RECOVERY.

GAP INSURANCE PAYS THE
DIFFERENCE BETWEEN WHAT
YOUR INSURANCE COMPANY
CONSIDERS FAIR MARKET VALUE
FOR YOUR VEHICLE VERSUS
THE ACTUAL AMOUNT OF MONEY
STILL OWED ON THE VEHICLE AT
THE BANK OR LEASING COMPANY.

YOU ARE ONLY RESPONSIBLE FOR
THE NORMAL DEDUCTIBLE ON YOUR
CAR INSURANCE. THE GAP INSURANCE
PAYS OFF THE REMAINING BALANCE
AT THE BANK OR LEASING COMPANY
LESS YOUR DEDUCTIBLE.

GAP WRAP
IS AN INSURANCE POLICY
ADDING TO THE GAP INSURANCE
COVERAGE AMOUNT. GAP WRAP
WILL PAY OVER AND ABOVE THE
AMOUNT OF MONEY THAT GAP
INSURANCE WILL PAY.

THERE IS A CATCH TO GAP WRAP
IN THE EVENT OF A TOTAL LOSS
THE GAP INSURANCE MUST PAY
OFF FIRST. THEN A CLAIM AGAINST
THE GAP WRAP CAN BE PROCESSED.
THE ADDITIONAL MONEY PAID BY
THE GAP WRAP POLICY IS MADE
PAYABLE TO YOU AND THE
DEALERSHIP YOU ORIGINALLY
LEASED YOUR VEHICLE.

THE CATCH IS THAT YOU CAN ONLY
RECEIVE THIS MONEY IF YOU
AGREE TO BUY OR LEASE YOUR
NEXT VEHICLE FROM THE SAME
DEALERSHIP. THE DEALERSHIPS
NAME IS ACTUALLY ON THE CHECK
“PAY TO THE ORDER OF”.

THIS IS NOT A GOOD THING FOR
THE CONSUMER. THINK ABOUT IT!
THE CHECK IS ONLY VALID AT ONE
DEALERSHIP! THAT IS ABSURD!

THINK ABOUT WHAT KIND OF DEAL
YOU WILL RECEIVE FROM THIS
DEALERSHIP WHEN THEY KNOW
YOU CAN NOT GO TO ANY OTHER
DEALERSHIP AND USE THIS MONEY.

YOU WILL PAY TOP DOLLAR AND MORE
BECAUSE YOU DO NOT HAVE A CHOICE.

NEVER BUY GAP WRAP
GAP INSURANCE IS ALL
THAT IS NEEDED.