The first time driving your brand new Mazda off the dealership lot will be one of the gentlest times you will drive your car, and who can blame you? You just took out a loan to finance your dream car, so you will be determined to get the best bang for your buck! If you unfortunately experience the dramatic event of a total loss of your car by either theft or damage beyond repair, depending on how far into your loan you are, you may be losing out on value after paying a deductible to your insurance. GAP coverage takes care of that.
If your insurance company rules that your car is a total loss, GAP coverage will take care of the remainder of your loan after your insurance makes their payment. Your deductible may even be included in the balance! Coverage applies to loans up to $50,000. GAP coverage offers many excellent benefits including: maintaining your good credit, covering negative equity, one-time low cost, and if auto insurance isn’t in effect for the vehicle, GAP is still provided!
For more information about GAP coverage, visit SportMazdaOrlando.com. Contact Don Mealey’s Sport Mazda in Orlando, FL to learn more about GAP coverage and many other finance, maintenance, and coverage questions.
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