Smart Leasing GAP Insurance for Leased Mercedes

Yes you should absolutely get gap on a lease even on a financed car for the first few years. Get it through your insurance it will be cheaper ... Should I buy a 2017 Lexus which has five Lexus dealer services in the record although there's a gap of 3 years? The car is being sold by a Lexus dealer. ... 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 ... 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 ... It makes sense to take it if you are habitually buying cars on lease. This way you protect yourself against unexpected fluctuations in your ... 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 ... If you have finance on the vehicle then the answer is almost certainly “yes” because the depreciation on vehicles like this is massive meaning ... 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 ... 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 ... The primary reason to consider purchasing GAP insurance for a pre-owned car is if your vehicle will encounter steep depreciation, which is why ...