Do you need to buy GAP when purchasing a new ATV, Motorcycle, Side by Side or Jetski?
When purchasing a vehicle at Broward Motorsports our Finance office sells multiple products that will help protect your investment for years to come. One very important product is GAP. Below we discuss why it is imperative that you way the option to purchase.
Covering the Gap in Depreciation: Cars typically depreciate in value over time. If your motorcycle, ATV, Jetski, boat or dirtbike is totaled or stolen, standard insurance may only cover the current market value, which could be less than what you owe on your powersports vehicle loan. GAP insurance helps cover this "gap" between the insurance payout and the remaining loan amount.
Loan or Lease Coverage: If you financed your car with a loan or leased it, GAP insurance can be beneficial. It protects you from financial loss in case your vehicle is declared a total loss, and you still owe more on the loan or lease than the insurance payout.
Financial Security: GAP insurance provides added financial security and peace of mind. It ensures that you won't be left with a significant financial burden if your powersports vehicle is involved in a serious accident or is stolen.
Affordable Payments: GAP insurance premiums are often relatively low compared to the potential financial loss it can help you avoid. This affordability makes it an attractive option for many powersports vehicle owners.
Contact Broward Motorsports Miami sales team for more information on GAP protection. Broward Motorsports Miami is your number one motorcycle powersports dealer serving south Florida including Miami, Hialeah, Miami beach, coral gables, delray beach, fort lauderdale, davie, Hollywood, cooper city, Boynton beach, north miami, coral springs, Hallandale beach and Miramar. Broward Motorsports sells new and uses KTM motorcycles, Husqvarna, Suzuki, Kawasaki, Scarab, Stark Varg, Harley Davidson, BMW, Ducati, triumph, atv’s, side by sides, watercraft, jetskis, jetboats and dirtbikes.