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Is dealer gap insurance a good deal?

Gap insurance itself can be valuable if you owe more on your loan than the car is worth, which is common on long-term loans or minimal down payments. However, the dealer's gap insurance is almost always overpriced. Dealers charge $500 to $1,000 for gap coverage you can buy through your auto insurance company for $20 to $50 per year. Ask your insurer first.

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