Maximize Your Lease Should You GAP Your Mercedes?

The primary reason to consider purchasing GAP insurance for a pre-owned car is if your vehicle will encounter steep depreciation, which is why ... This coverage is in addition to collision coverage and comprehensive coverage which are each required before lease gap insurance can be added on ... The main issue here is the GAP insurance - if it was available, the total amount of multiple security deposit should be returned. I do not ... The basic reason why this is a bad idea though is that if you total your car or it gets stolen, the gap insurance won't cover your down payment. Hope this helps ... I bet that gap insurance is a fairly profitable item for finance companies, because it is unlikely that your car will ever be totaled or stolen. Yes, you need gap. But it is included in the lease already from MB financial. ... That's great. If I go through a broker will I still have the GAP ... It makes sense to take it if you are habitually buying cars on lease. This way you protect yourself against unexpected fluctuations in your ... You don't need gap insurance for a lease. Only put down the minimum amount needed for down payment. If your Mercedes-Benz vehicle is stolen or declared a total loss in an accident, there can be a significant difference between the amount your insurance company ... Even if your lease agreement doesn't require it, you may still consider purchasing gap insurance if you owe more than the car's actual cash value (ACV). In that ...