Partner with Advantage+ and Protect Your Investment: Why Buying Gap Protection for your Used Truck or Trailer Is Essential
When you purchase a used truck or trailer, its value may depreciate faster than the balance on your loan. If the unit is totaled or stolen, the insurance payout might only cover the current market value, leaving you responsible for the remaining loan balance.
Gap protection bridges that gap, ensuring you’re not stuck paying off a loan for a vehicle you no longer have. It’s a smart way to protect your financial investment and avoid unexpected debt.
Used vehicles can depreciate quickly, and standard auto insurance only covers the vehicle’s current market value. Gap protection covers the difference.
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Financial Security:
In the event of a total loss, you won’t be stuck paying off a loan for a vehicle you can no longer use. Gap protection ensures you won’t be left with a significant financial burden.
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Gap covers the first $1,000 of your existing deductible:
Gap can offer a credit of up to $1,000 that can be applied to your existing insurance deductible.
