27 Jun Quick Tip about Gap insurance!
Posted at 08:12h
When you purchase Gap insurance it covers you the entire term of the loan. However for most loans you will eliminate the negative equity within 2-3 years. Therefore it is always good to check your current value of your car at Kelly blue book(kbb.com) and compare it to your current loan amount. Once you know the value exceeds your loan balance, you can cancel your Gap and get a refund.