First Car Guide for First Time Car Buyers
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Glossary
Glossary
Glossary of Automobile Buying and Financing | |
Glossary of terms related to automobile buying, leasing, financing, driving, and insuring. | |
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| Term | Definition |
| gap insurance | Related to car financing, gap insurance or gap waiver covers the difference between the amount owed on your loan or lease and the insurance payout if your leased car is stolen or totaled in an accident. It comes automatically with most leases, but almost never with loans. |
| Glossary V2.0 | |