What is a great price if I were to purchase GAP insurance ? Is it usually included in the lease or do I need to purchase it from the dealership separately ? Are there 3rd party insurance sold by insurance companies ( I know Geico doesn’t).
Thank you!
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BMW should have it included. Toyota and Mazda don’t.
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Yes! I know Travellers does and there are many others. The annual cost is roughly 0.05% of the MSRP. Check with your insurance agent.
Many of the finance captives (GM, Honda, etc.) include GAP in their leases at no extra charge. As far as I know, Toyota does not but it can be purchased for an insane amount. Not sure about BMW. Read the lease agreement.
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