Submitted by Strike_Emergency t3_ydlf5k in personalfinance
wolfysalone t1_itsvm15 wrote
Gap insurance will pay the remainder. This is why it's called gap insurance
Strike_Emergency OP t1_itsx6mc wrote
Thank you
Strike_Emergency OP t1_itva924 wrote
Thanks for replying, How about the APR for these because this was supposedly to be paid for 6 yrs. Do I still need to pay the APR or interest even if the insurance paid the acutal car price?Thanks
wolfysalone t1_itvfci6 wrote
You will pay zero dollars if it's totalled and you have gap insurance. Insurance pays the maket value of the car. Gap insurance takes care of the rest.
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