0
GAP insurance pays the value of the car minus liens applied to it and only pays in the event of a total loss. If you can get coverage that covers damage (as well as total loss), this would be better. If your liens are substantial in relation to the value of the car, then GAP insurance is not worth it.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is buying a car a good or a service?
buying a car is technically a good because you leave with it but it becomes a service when you have to pay the car insurance every month. hope this helps!
Is buying a car a service or a good?
buying a car is technically a good because you leave with it but it becomes a service when you have to pay the car insurance every month. hope this helps!
Would buying a used BMW x3 be a good investment?
Buying a used bmw x3 would not be a good investment, as the value of the car will decrease over time. In the end, you will end up with a car at lower value than before. It's still a good car to drive though!
when buying a used car from a small lot is or when is the person buying the car need to have insurance If the buyer had no insurance is the dealer liable?
If you are buying the car outright then it's up to you to decide when to get the insurance. If you are getting credit, you will have to have the insurance in place prior to taking possession of the vehicle.
Where can one find tips for buying car insurance?
Buying car insurance can be tricky. One should ask friends and family what experiences they have had with car insurance and then do some online research to find what insurance is best for their needs?
If you are buying a car from a dealership do you need proof of insurance prior to buying?
no
What should I know before buying an insure car?
You should know what the best insurance rates are on the car you are thinking of buying and if you may want a car that costs less on insurance.
Is a lease on a Nissan 350z a good investment?
Yes, it would be a good investment, provided you can sell it at a profit. As with all cars, make sure you check out the car thoroughly, it may be worth getting a professional in (from the AA for example)who will know exactly what to look for when buying a car.
Do i need auto insurance with a license but no car?
you only need auto insurance if you driving. upon buying a car, you should get insurance.
Does buying a repossessed vehicle raise your car insurance?
In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.
Can someone get insurance on a car if they are making payments to an individual?
in most states you have to have at least liability insurance. it doesn't matter who you are buying the car from. so yes you can get insurance on a car
What are the advantages to buying car insurance online?
There are a number of advantages to buying car insurance online. The advantages include getting an instant quote. Also, they often have tools for you to compare your quote with other insurance companies.
