There are good cars and there are bad cars. When you own a good car you can't help but feel good about it. You tell your friends that it is one of the best cars you have ever owned. Ordinarily you have to do your homework to learn which cars are the very best to buy.
One of the most stressful things to endure in life is owning a bad car. You might find out too late that you are not the only one experiencing problems with your car. But by that time you will have been in and out of the repair shop and spending more money than the car is worth, sad but true.
What is GAP Insurance and should you buy it when purchasing your next car?
GAP is short for Guaranteed Auto Protection. It is an insurance policy that protects you in case you owe more than your car is worth. There is only one way that that can happen and that is if you take out a loan that is more than the value of the car. Here is how that can happen.