Deciding to buy or lease a new Lexus RX 350 should be a memorable and rewarding experience, so you never want to think that you could be making poor decisions regarding financing and insurance coverage. When you work with the professional finance staff that we have at Keyes Lexus of Valencia, you will have all the assistance you need when it comes to the loan process and whether or not gap insurance would be in your best interest.
Often called lease/loan payoff or guaranteed asset protection, gap insurance is important if you are in a situation where your vehicle is rendered a total loss from an accident or if it happens to get stolen. If you owe more on your vehicle than the insurance company says it is worth, gap insurance helps to cover that difference. This coverage can be a real life-saver if you happen to fall into the category of drivers who need it.
Gap insurance is not going to be beneficial for everyone, but the good news is that it is not all that expensive. You sometimes have the option to pre-pay for it or you can have it tacked onto your monthly loan payments. The cost of gap insurance is just a few extra dollars a month and you also have the ability to cancel it in the future once you no longer need it. If you happen to have prepaid for it, you can ask for a refund of the portion that is unused.
No matter what vehicle you are interested in at our Valencia, CA Lexus dealer location, our Lexus finance staff is here to help. You can stop by to talk with us in person at our showroom at 24033 Creekside Road in lovely Valencia, CA or simply give us a call in the sales department at (855) 680-0538 and we will be happy to help.