For New Car Purchases, GAP Insurance is Essential
Most people who purchase new cars do so use financing from a bank. They will gradually pay off the price of the car over a few years. However, there is a fundamental disparity between the loan amortization and the decline in the value of the car. Fortunately our team at Doug Smith Chrysler Jeep Dodge Ram is here to guide you and your vehicle towards long-term success.
Once purchased, a new car will see its market value immediately drop, followed by a very gradual decline. On the other hand, the loan will amortize at a more or less constant rate…