What is GAP Insurance?
Miniville offers GAP insurance for all of its used vehicles. GAP insurance is the difference between the actual cash value of a vehicle and the balance still owed on the financing (car loan, lease, etc.). GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. GAP insurance is sold separately and can be purchased at time of purchase.
A service contract, sometimes referred to as an extended warranty, is designed to offset repair costs after the purchase of a new or used vehicle.
Not to be confused with a manufacturer’s warranty, extended warranties kick in after the expiration of the manufacturer’s bumper-to-bumper warranty. Extended warranties are sold as a separate contract, and—unlike a manufacturer’s warranty—are not included in the purchase price. Miniville offers highly competitive prices for extended service contracts at time of purchase to help you with a peace of mind while owning your used vehicle. Please contact us for more details.