2588 West US Highway 90
Lake City, FL 32055
GAP insurance can provide peace of mind to every single car owner. What is GAP insurance? Guaranteed Asset Protection, or GAP, is insurance that pays for the difference between what you owe on your loan and what your car is worth.
We break down what gap insurance is & what you need to know when in a dealer’s office: https://t.co/Ct6pOeabvo
— Edmunds (@edmunds) February 2, 2017
You may have been given the following advice if you have bad credit: Buy a car in cash. That way you don't have any debt, and you don't have to worry about sky-high financing rates. But is this good advice?
That depends.
It's true that if your credit score is low, chances are you'll have to pay more in interest if you take out a car loan. Depending on the size of the loan you need, this can potentially add thousands of dollars to the total price you'll pay for the car.
On the other…