Will gap insurance pay my loan if my car falls under the lemon law?

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Answers:

What are the top ten new and used cars for 2006?

Gap insurance will not pay the loan off. If your car falls under the lemon law, the manufacturer will buy it back and give you a new car. That new car should be covered by the gap insurance, and your payments should remain the same. You will get as close to the exact same car as can be arranged. If the new car has a higher price, you will not have to pay the difference, unless you want any changes in the vehicle. Like now you want a sun roof and your old car didn't have one. You would have to pay for that extra equipment. Probably up front to keep your loan payments the same.

Are Honda and Toyota good types of cars?

if your car falls under the lemon law the car company is responsibe and has to pay you

Do you get good warranties when you lease a car?

Yes, and they should. Gap insurance basically means that the insurance company will pay the balance on the loan of your car that you owe, no matter how much it's worth. That's what it's for. Not very many people know about gap insurance, and the insurance companies like to keep it that way.

The level of car tax you pay is based on engine size? So what engine size is a 'gaz guzzler'?

no the insurance wont pay for it but it will be covered by the lemon law which will get it replaced for you or get you a refund,but insurance doesn't get involved in this part of it,good luck i hope this helps.

Vibe versus Matrix?

No. Gap insurance comes into play when you make a claim using your collision/comprehensive coverage. Generally mechanical failures are not covered by insurance, unless you bought that type of coverage (some insurnace companies offer that for new cars.)
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