Simpsons ŠKODA can offer you great value GAP insurance to protect your vehicle lease. When you take out a finance contract, you are required by law to complete the agreed payments on the car. GAP insurance is a one off payment you can make at the start of your lease to protect your financial investment in the event of something happening to your car.
If your car is stolen or written off, you will still have to pay the remaining amount of what is owed on your lease. GAP insurance calculates the cash value of your car and the remaining lease amount, and covers the difference. You do not have to purchase GAP insurance, but some drivers choose it for added peace of mind if their current insurance does not cover the potential loss.
For more information contact the team at Simpsons ŠKODA today and we can advise on our types of finance plans.