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Absolutely worth it % of the time. Only reason to not get it would be if you have at least k equity in the car the day you buy it, which. If there is any time during which you owe more on your car than its current value, gap insurance can be worth the money. If the car is totaled, you won't have. Remember, GAP protection is meant for situations when you owe more than the car is worth. If I pay off my car loan, is my GAP coverage refundable? When you. Many Toyota insurance experts and consumers agree that buying gap insurance is worth the extra cost. While Gap insurance is optional coverage, it's recommended that you purchase Gap insurance to protect your assets and your budget. Here are some reasons why.
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Is gap insurance worth it? · Protection from your vehicle's value depreciating faster than you pay off your loan. · Your lender might require it. Check your loan. Many consumers and experts agree that purchasing gap insurance is a good way to protect your assets.
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