Dealership Preparation: GAP coverage | Auto Finance 101 | Ford

[MUSIC] If your car's stolen or totaled in an accident, you could end up with a GAP between what your insurance will pay and what you will on your contract Good thing you thought to get GAP coverage

GAP, or Guaranteed Asset Protection, waives the difference so you're not stuck with a big bill and no car Not all GAP plans are alike, so make sure you understand what is covered and what is not And if you choose to buy GAP, the cost will be included in your contract Hey, how am I going to get back? [MUSIC] No way, not doing it [MUSIC]

Source: Youtube

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