We’ve been a New Hampshire Porsche dealer long enough to know that buying or leasing a new luxury vehicle isn’t always the smartest move for every driver. Some motorists are better off purchasing a previously owned premium automobile. If you’re struggling to choose between getting a new or previously owned vehicle, we can help you make the right decision.
If you decide that you want a previously owned automobile, you may ask yourself, “Are their pre-owned Porsche cars for sale near me?” You can rest assured that we have pre-owned luxury vehicles for sale at our Porsche dealership.
Some drivers hesitate to purchase a previously owned automobile because they’re afraid they won’t be able to get gap insurance. You needn’t let this worry you because gap insurance is readily available for pre-owned cars just like it is for new ones.
Gap insurance serves the same purpose regardless of whether the policy covers a new or pre-owned vehicle. Gap insurance is meant to cover instances when a vehicle is stolen and remains missing as well as times when a car is totaled and a driver owes more than what he or she receives from the company that holds the person’s standard auto insurance policy. Whereas a standard car insurance policy will reimburse you for your vehicle’s current market value, gap insurance will pay the difference between that amount and what you still owe your lender.
It’s important to note that gap insurance policies have limits just like a standard policy does. If you purchase gap insurance make sure the policy’s limits are generous enough to cover your entire outstanding loan balance if you have to file a claim.
To learn more about gap insurance, contact our Porsche dealership near Chelmsford, MA. Better yet, stop by Porsche Nashua to talk to our sales and finance experts today.