Is Gap Insurance Worth It?

gap insurance paperwork with car key

When the time comes to buy a new vehicle in Hudson, you’ll want to know about services and coverage available so you can avoid those that are unnecessary. Though optional, gap insurance coverage is an option you’ll want to consider. Learn more about it at Tulley Mazda, and contact our finance center if you have any questions!


What is Gap Insurance?

Gap (Guaranteed Asset Protection) insurance covers the difference (or the “gap”) between the cash value of your car and the amount still owed on it. This applies to vehicles with a lease or loan.

Do I Need Gap Insurance?

So is Gap protection worth it? Both consumers and automotive experts alike agree that purchasing gap insurance is definitely worth it. Here is why you should get gap insurance rather than leave anything to chance on Merrimack roads:

  • Depreciation happens the moment you drive of the dealership lot.
  • Accidents can happen at any time, including right after you drive a new vehicle off the lot.
  • Most insurance companies only cover what your vehicle is worth at the time of the accident.
  • If your new car is totaled or stolen and you owe more on it than its current deemed value, gap coverage accounts for that difference.
  • The cost of gap insurance is relatively low, and it is easy to obtain, so there is really no reason NOT to have it.

How Do I Buy Gap Insurance?

This is simple with a little research. When looking to get this coverage at a good price in Lowell, keep the following in mind:

  • Your regular auto insurance company may offer it for as little as $20 per year.
  • You may be able to buy it for a one-time fee from your dealership or car loan company.
  • You can get it from a specialized Gap insurance company for a one-time fee.

Rely on Tulley Mazda for Your Finance & Insurance Needs

Have questions about gap insurance or looking to get it with the purchase of your new Mazda? Check out your options at Tulley Mazda. Our finance team is ready to help you find the model and coverage that’s right for you. Don’t forget to check our new vehicle specials to get a great deal in Nashua and don’t hesitate to contact us in the meantime with any questions about our models, to find out which Mazda models are AWD, and more.

More from Tulley Mazda

  • 2020 MAZDA CX-5 Towing Capacity

    Drivers from Hudson to Merrimack are gravitating toward the new Mazda CX-5 for the versatility and strong performance it offers. For drivers wondering just how powerful this vehicle is, the Mazda CX-5 towing capabilities definitely exceed expectations. The maximum Mazda CX-5 towing capacity of 2,000 pounds delivers next-level power on Nashua area roads. Even still,…

  • 2020 MAZDA CX-5 Gas Mileage

    The Mazda CX-5 is a luxury compact SUV that offers drivers advanced technology, plenty of space, and a powerful, yet efficient commute. Learn more about the trim levels and the Mazda CX-5 gas mileage with our helpful guide at Tulley Mazda then take your favorite new CX-5 trim level for a test drive near Hudson today!…

  • WHAT ARE THE 2019 MAZDA CX-5 DIMENSIONS?

    The 2019 Mazda CX-5 is the right Mazda SUV for Nashua drivers looking for a spacious and premium interior, featuring plenty of room for passengers and luggage alike. With the Mazda CX-5, you won’t have to stress about fitting friends, family and baggage in your SUV for your Hudson adventure. Explore the new Mazda CX-5…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

Sales

(603) 888-0550

Call Now

Service

(603) 888-0550

Call Now

Parts

(603) 888-0550

Call Now

147 Daniel Webster Hwy • Nashua, NH 03060

Get Directions

Today's Hours:

Open Today! Sales: 8am-5pm

Open Today! Service: 7:30am-4pm

Open Today! Parts: 7:30am-4pm

Tulley Mazda

147 Daniel Webster Hwy Nashua, NH

Phone: (603) 888-0550

http://maps.google.com/?q=147%20Daniel%20Webster%20Hwy%2C%20Nashua%2C%20NH%2003060

Parts

Phone: (603) 888-0550

147 Daniel Webster Hwy Nashua, NH

Sales

Phone: (603) 888-0550

147 Daniel Webster Hwy Nashua, NH

Service

Phone: (603) 888-0550

147 Daniel Webster Hwy Nashua, NH
42.7246467 -71.4491792
[schema type="organization" orgtype="LocalBusiness" url="www.tulleymazda.com" name="Tulley Mazda" description="" street="147 Daniel Webster Hwy" city="Nashua" state="NH" postalcode="03060" country="US" email="jvansciver@tulley.com" phone="(603) 888-0550" logo="https://di-uploads-development.dealerinspire.com/tulleymazda/uploads/2018/10/TulleyMazdaOGImage.png"]
Tulley Mazda
Tulley Mazda
147 Daniel Webster Hwy
Nashua, NH, 03060 US
(603) 888-0550
https://di-uploads-development.dealerinspire.com/tulleymazda/uploads/2018/10/TulleyMazdaOGImage.png
Tulley Mazda 42.7246467, -71.4491792.