Unveiling the Benefits of Gap Insurance for Leased Mercedes-Benz

If you have finance on the vehicle then the answer is almost certainly “yes” because the depreciation on vehicles like this is massive meaning ... 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. 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 ... 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 ... 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 ... The primary reason to consider purchasing GAP insurance for a pre-owned car is if your vehicle will encounter steep depreciation, which is why ... 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. 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 ... You don't need gap insurance for a lease. Only put down the minimum amount needed for down payment.