Should You Buy Gap Insurance -

: Your repayment period is 60 months or longer .

Buying gap insurance is a strategic financial decision that depends on whether you are "underwater" on your vehicle loan—meaning you owe more to your lender than the car is actually worth. should you buy gap insurance

: You put down less than 20% of the car's price. : Your repayment period is 60 months or longer

: You rolled debt from a previous vehicle into your new car loan. should you buy gap insurance

Consider gap insurance if any of the following apply to your financing or vehicle choice: