LEXUS GAP INSURANCE
Introduction
If your car is declared a write off by your insurance company as a result of an accident, fire or flood damage or stolen and unrecovered, your motor insurance company may only pay out the current market value of your vehicle.
The current market value is likely to be less than the amount you paid for the vehicle and if you have finance it could be less than any outstanding finance settlement.
Potentially, this could leave you with the problem of having to find extra funds to get you back into the driving seat of a new Lexus or to pay off your finance agreement.
To help avoid this situation, Lexus can offer you Lexus GAP Insurance to protect you for up to 36 months from the start date of the policy.
Lexus GAP Insurance helps you cover the shortfall in funds to cover the cost of a new Lexus or settle any outstanding finance if your car is written off.
Benefits
Lexus GAP Insurance may enable you to purchase a similarly priced vehicle or alternatively pay off the amount outstanding on your finance agreement.
What’s more, even if the finance settlement amount is greater than the Net Invoice Price, you don’t need to worry, as Lexus GAP Insurance will cover this additional amount.
For more information, please download the Lexus GAP Insurance brochure or speak to your local Lexus Retailer.
What Lexus GAP Insurance can do for you?
Lexus can offer you Lexus GAP Insurance to protect you for up to 36 months from the start date of the policy.
Lexus GAP Insurance helps you cover the shortfall in funds to cover the costs of a new Lexus or settle any outstanding finance if your car is written off.
