GAP Insurance Explained: What It Covers and How It Works
GAP is meant to cover what you owe on a car loan beyond the insurance payout for a totaled or stolen car. How negative equity creates that gap, and refunds.
-
-
Leasing vs. Buying a Car: How the 3-Year Math Really Works
A lease pays for depreciation plus a rent charge; a loan pays for the whole car. Here is how money factor and residual work, with a 3-year cost example.
