GAP Insurance is also known as Guaranteed Auto Protection (GAP) within the Canadian and U.S. car loans industry. GAP insurance covers the difference between the actual wholesale value of a vehicle and the balance still owed on the auto loan, which must be paid in full right away or rolled over into a new car loan. Sometimes GAP insurance is a requirement for a car loan but that depends on the actual customer and the downpayment provided for the car loan. At CA Lending® we highly recommend GAP insurance seeing first hand the thousands of dollars it’s saved for our customers. Protect your auto loan, buy GAP! Apply Today and get Approved!
