Probably easier to list the ones that don’t.
TOYOTA
I don’t know of others that don’t but I’m sure there are.
Probably Lexus too then.
Nope, Lexus include it
Toyota charges $25 a month for a “protection plan” that includes GAP insurance. You can’t purchase the insurance separately anymore. This is an outright deal-breaker when it comes to leasing any Toyota vehicle, as your payments will be 10-20% higher per month than with any other company out of the gate.
Well you can get GAP elsewhere, you don’t have to use Toyota.
Most insurance companies in Illinois do not offer GAP. I have State Farm and they don’t offer it. Same for Farmers and Allstate I believe.
Even if I can get it through a third-party, I still have to pay $10-$16 more per month.
When comparing leases on a Honda Accord vs. a Toyota Camry, the monthly payments between them will be within $5-$10 typically, as they are very similar in MSRP, depreciation, etc. The extra 10-25 bucks simply rules out the Camry. Seems like Toyota isn’t serious about leasing vehicles.
Looking to lease a Kia. Wondering if anybody here knows if Kia does their own GAP insurance?
my last NMAC lease had gap included.
Yes, GAP waiver benefits are included in all Kia Finance leases at no additional cost.
Thanks pritssan…20charact*
Chevy includes it …
VW includes it
I’d also add that never add it from a dealer. GAP coverage from my car insurer was something like $3/month last time I financed.
Does Hyundai include Gap cover? I would imagine it does since its covered for Kia and they are essentially the same parent company
Does BMW still include GAP with their leases? I’ve been reading various websites and it seems that they used to, but now it almost looks like its a standalone product and not automatically included in leases…
Hyundai should include gap insurance, at least it was when I leased a Hyundai ~5 years ago.
To add to the list, infiniti also includes gap insurance.
Looking into a Subaru Lease and wanted to see whether GAP was included or not and I’m putting the info below to help other hackrs track down this info in one spot.
Looks like Subaru Motors Finance goes through Chase. I found the Lease Customer Guide here:
https://www.chase.com/content/dam/chasecom/en/business-banking/documents/Subaru_Lease_Guide.pdf
Page 5 of this document reads:
"Total Loss and GAP
In the event there is a total loss, destruction or theft of the vehicle, we will waive your liability for any GAP amount, provided you are in compliance with your insurance requirements. This GAP Amount Waiver is included in your lease at no additional cost.
The GAP amount is how much is due after subtracting the vehicle’s actual cash value (paid by the insurance
company) from the Adjusted Lease Balance* on your lease as of the date of the loss. There are certain
conditions that must be met before you are released from any additional liabilities:
• We must receive the insurance proceeds for the vehicle’s full actual cash value at the time of loss.
• You must pay any required deductible to Chase or the insurance company (as specified in your
insurance policy).
• You must fulfill all your other obligations in your lease agreement.
*Please see your lease agreement for a full explanation of how we calculate the Adjusted Lease Balance."
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Just use it as a negotiation point, if you even want one. Every time I rent a Camry I’m thoroughly disappointed, literally the most generic transportation module out there.
Lexus includes GAP. Toyota, does not.
Anyone know about Infiniti?
IFS includes GAP in all their leases.
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