Should You Buy Gap Insurance for Your Leased Mercedes-Benz?

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. It is DEFINITELY worthwhile to have gap coverage. If you owe more than the value of the vehicle and it'sa total loss, you are still responsible ... 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 ... 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 ... 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 ... 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 ... The primary reason to consider purchasing GAP insurance for a pre-owned car is if your vehicle will encounter steep depreciation, which is why ... ... GAP Certificates, Lease Bonus Cashion, Special Lease Rates and Special Retail Rates . ... Dealer contribution may vary and could affect your actual lease payment. You don't need gap insurance for a lease. Only put down the minimum amount needed for down payment.