Add Peace of Mind to Labor Day Car Purchase
As Labor Day arrives to mark the end of the summer season, the auto industry is usually cutting prices in order to move out old inventory and make room for new models.
And when you do make the decision to buy a vehicle, which is one of the most expensive purchases you’ll make, smart add-ons in the form of motor vehicle protection products and GAP waivers can end up saving you thousands down the road.
Motor vehicle protection products help you save on the cost of repairs while keeping your vehicle road-worthy by covering tire and wheel damage, body dents and dings, lost key fobs, and windshield repair or replacement, along with theft protection and appearance care.
GAP waivers are essential for consumers who finance their vehicles, especially with little equity. That’s because standard auto insurance policies typically cover only the actual value of a vehicle at the time it’s damaged or stolen, which is often far less than the full amount you might still owe on the loan. That means you’re still left having to pay off the loan, unless a GAP waiver is in place to cover all or part of the remaining balance.
If you’re looking for peace of mind when buying a vehicle, don’t forget to purchase a motor vehicle protection plan, a GAP waiver, or both.