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If you have GAP insurance will the leftover balance be paid off when your car is repossessed?

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Wiki User
2015-07-15 19:47:37
2015-07-15 19:47:37

What does your GAP policy say? Do YOU have it or the LENDER? Normally, lenders place it on a loan to cover the lenders losses, not yours.

If you hav GAP insurunce On you Insurance will pay of whatever the car deler does not

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