There are many reasons to consider purchasing a pre-owned Porsche when the time comes for your next ride. When you buy pre-owned, you’ll enjoy big savings from the very start, and throughout the ownership process.
You’ll also have a wider range of options and a lower rate of depreciation. Porsche Silver Spring is here to help you on every step of the pre-owned vehicle purchasing process, like whether to get GAP insurance.
What is GAP Insurance?
GAP insurance stands for Guaranteed Asset Protection insurance, and it’s essentially designed to pick up where traditional insurance leaves off.
If your vehicle is stolen or totaled, GAP insurance will help to pay the difference between the value of the car and what the original insurance team pays. That means you won’t lose money in the event of theft or an accident, and that you’ll have the capital you deserve for the next ride.
Should I Get GAP Insurance for My Pre-Owned Vehicle?
Typically, GAP insurance is required for leased vehicles, as it protects both the leasee and the dealership, but should you take GAP insurance out for your pre-owned Porsche model?
The short answer is, sometimes.
GAP insurance is designed to protect you from financial loss. That’s why it’s recommended to purchase GAP insurance for pre-owned vehicles if you owe more than the value of the car or if you didn’t put a down payment down for the car.
At the end of the day, you can also purchase GAP insurance for your pre-owned Porsche model for a little extra peace of mind.
Porsche Ownership Support is at Porsche Silver Spring
No matter what your Porsche ownership needs may be, Porsche Silver Spring is here to help. Learn about best practices for protecting your vehicle and take the first ride in a pre-owned Porsche at our dealership today.
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Pre-Owned Inventory