Peace of Mind with GAP Coverage Plans at Morganton Honda
Embarking on a new vehicle loan or refinance? You might want to consider Guaranteed Auto Protection (GAP) insurance when you finance your loan in case of an accident leading to a total loss. GAP insurance covers the difference between the amount your regular auto insurance pays out and the amount owed on your loan. Sometimes the payout from your insurance differs from the amount owed on your loan due to many factors, including market fluctuations and your insurance terms. Cover all your bases with GAP insurance and get added peace of mind should the unthinkable happen.
What is GAP Insurance?
GAP insurance steps in to cover any gaps between your insurance payout and the actual amount left on your loan so you don't get stuck paying for a vehicle you no longer own due to an accident. With GAP insurance, you will be free to replace your vehicle without any lingering attachments.
Why You Need GAP Coverage
GAP Insurance is optional but highly recommended for certain situations. Opting for GAP insurance provides extra assurance in the event of a catastrophic accident.
Consider GAP Coverage for These Situations
- You are financing the purchase of a new vehicle
- You are purchasing a slightly used vehicle
- You are purchasing an expensive vehicle
- You are financing a large amount or a higher amount than the current vehicle worth
Contact the Finance Center at Morganton Honda for More Information
Our Finance Center is a great source of information for any questions regarding our GAP Coverage. We typically offer GAP insurance with all new vehicle loans, whether you are purchasing from our new Honda vehicles or our excellent used models. Know what to expect ahead of time by doing your research and reaching out to our team for further assistance. We look forward to helping you with all of your financing needs.
How Can We Help?
* Indicates a required field
-
Morganton Honda
1600 Burkemont Avenue
Morganton, NC 28655
- Sales: 828-437-3181
Loading Map...
