IS GAP INSURANCE
FREE ON A LEASE ?
THE VAST MAJOR OF ALL LEASING
COMPANIES AND BANKS CHARGE
A BANK FEE.
THIS BANK FEE USUALLY PAYS FOR
THE GAP INSURANCE POLICY.
ALWAYS ASK THE PERSON WHO IS
EXPLAINING THE LEASE CONTRACT,
TO SHOW YOU WHERE IT SAYS
YOU HAVE GAP INSURANCE.
BANKS OR LEASING COMPANIES
WITHOUT A BANK FEE WILL
USUALLY TRY AND SELL YOU
GAP INSURANCE.
BEWARE OF THE PERSON TRYING
TO SELL YOU GAP INSURANCE
AS YOU MAY ALREADY HAVE GAP
INSURANCE COVERAGE INCLUDED
IN THE LEASE. THIS PERSON IS
ACTUALLY TRYING TO SELL YOU
GAP WRAP BUT IS EXPLAINING IT
AS IF IT WAS GAP INSURANCE
WITHOUT TELLING YOU THAT
GAP INSURANCE IS INCLUDED.
I PERSONALLY KNOW SOMEONE
WHO WAS TRICKED INTO BUYING
GAP WRAP. THEY THOUGHT
THEY WERE BUYING GAP
INSURANCE. THEY WERE NOT TOLD
GAP INSURANCE WAS ALREADY
INCLUDED AT NO CHARGE.
THEY NEVER WOULD HAVE
PURCHASED GAP WRAP IF THEY
KNEW THEY ALREADY HAD
GAP INSURANCE.