Protect Your Lease Exploring GAP Insurance for Mercedes

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 ... ... my time or headache even if you can buy. Number 4 ... Any dealership should be willing to do this on a lease. ... Gap Insurance is included in all leases ... You don't need gap insurance for a lease. Only put down the minimum amount needed for down payment. It's a massive risk to take on without gap insurance. Some lessors have it in their contract, some don't. If the the vehicle is totaled/written ... 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 ... 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 ... maybe we should just get ... i paird an extra 1800 for 5yr 100,000 mile and gap insurance ... I've had a GS450h for 2.5 years, and I will be replacing it with a BMW ... ... your lease. In case of a totaled car, your insurance company will cover its value, regardless of whether it was leased, financed, or had MSD or a pre-paid lease ... 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. This coverage is in addition to collision coverage and comprehensive coverage which are each required before lease gap insurance can be added on ...