Should You Buy Gap Insurance May 2026

: You bought a luxury vehicle or a model known for losing value quickly.

: Your repayment period is 60 months or longer . should you buy gap insurance

Guaranteed Asset Protection (GAP) insurance covers the "gap" between your car's and your outstanding loan or lease balance . : You bought a luxury vehicle or a

Consider gap insurance if any of the following apply to your financing or vehicle choice: should you buy gap insurance

: You rolled debt from a previous vehicle into your new car loan.