If your vehicle is damage beyond repair or stolen, auto insurance coverage may not pay everything you owe on the vehicle. Insurance typically pays the vehicle's actual cash value rather than the amount remaining on your loan, which could leave a financial GAP of thousands of dollars. This can happen when your loan payments are not enough to keep up with the depreciation of your vehicle.
GAP coverage will give you the peace of mind to enjoy your vehicle during that crucial time when the actual cash value of your vehicle is less than your loan balance.
One time low cost makes GAP affordable. Convenient since GAP is sold in conjunction with vehicle purchase. GAP is provided for the entire term of your loan.
Contact Feldmann Nissan Finance department for additional information 952-837-6300.