Question: A gap insurance covers the difference between the amount owed and the actual value of a vehicle. It is useful mainly for new vehicles whose

A gap insurance covers the difference between the amount owed and the actual value of a vehicle. It is useful mainly for new vehicles whose value depreciates rapidly once you drive off the dealership lot. You lease for three years (and you'll return the car in three years) a car that has an initial value of the car is $30,000 and you are thinking to buy a $10,000 gap insurance

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