Backend Products

Category: Backend Products


Backend Products category description will go here


Do I Need to Buy Gap Coverage on a Lease? Do I Need to Buy Gap Coverage on a Lease?

Since leases are typically for brand new vehicles, this means that the same rate of depreciation applies as if it were financed. Brand new vehicles lose at least 10% of the purchase price as soon as they are driven off the lot. And a new car will lose at least 20% of its value in the first year. Gap insurance covers the difference between the purchase price and the actual value of the vehicle.

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