GAP waiver vs GAP insurance?

When I leased my Nissan, I was specifically told that all Nissan’s include GAP insurance. Today I found out that NMAC leases include GAP waivers (which I did sign), but not GAP insurance. What, if anything, is the difference?

Waiver would be the lender forgiving the gap vs the insurance company paying out the gap

So, on my end, not really a difference? Should anything happen to the car, I would not be liable either way as someone would pay the gap that someone is just different in each case, right? Thanks for the quick response

Correct. In the States you never have to worry about GAP on a lease from a captive with the exception of Toyota, who will charge you extra for.

1 Like