At University Mazda we treat the automobile needs of each individual with paramount concern.
We know car buyers have high expectations when buying a car and, as a car dealer, we like to meet and exceed those standards. Not only in the car sales department but from sales to financing to service and repairs.
“I don’t need more insurance. I have full coverage. So, I’m fully covered, right?”
That’s a common misunderstanding among our Rio Rancho customers. “Full coverage” isn’t even technically an insurance term. We’ll talk more about that later. But, unfortunately, a lot of drivers who have had their car totaled are shocked to find out that what they thought was “full coverage” falls a little short of covering what they still owe on their car. That’s where GAP insurance comes in. What is GAP insurance on a car?
Imagine there’s a bad storm and a tree limb falls on your car, totaling it. Your “full coverage” insurance should cover it, right? Not necessarily. What a lot of people call “full coverage” refers to a combination of comprehensive and collision insurance. Comprehensive insurance covers the full market value of your car at the time of the accident. The problem is that a lot of owners still owe more on their car than what it is actually worth. If that’s the case with your car when it is totaled, there will be a “GAP” between what your policy covers, and what you owe the bank, which you are responsible for. That’s what GAP insurance on a car is for.
Should you get GAP insurance? It’s something we tell all of our greater Santa Fe area customers to consider if they are about to lease or buy a new car. Here are some circumstances that might require you to get GAP insurance on your car:
Insurance can be confusing. Our friendly finance managers at University Mazda of Albuquerque would be happy to help you figure out exactly how much coverage you need, and whether you should get GAP insurance. While you’re here, make sure to check out our new vehicle specials. We’re just a short drive away from Farmington, so drop by or contact us today with any questions about how to finance a car with bad credit and more!
Whether you’re more interested in the 2021 Mazda3 sedan or the 2021 Mazda3 Hatchback, one thing is for sure: you’ll have plenty of color options to choose from, inside and out! So, what exactly are the 2021 Mazda3 colors? We’re about to delve into the Mazda3 exterior colors and interior colors for the new model…
The new 2021 Mazda CX-9 is one of the most capable and stylish family-friendly crossover SUVs you’ll find on Rio Rancho or Santa Fe streets. It also happens to be one of the most spacious! From its roomy dimensions to its cutting-edge interior features, the 2021 Mazda CX-9 is a moveable sanctuary-on-wheels that’s poised to perform. Want…
Wondering to yourself, “How much can a Mazda CX-9 tow?” University Mazda is here to give you answers! The 2021 Mazda CX-9 is capable of towing up to 3,500 pounds with either front-wheel drive or all-wheel drive.* That’s plenty of towing power to tow a small boat or even a trailer around Rio Rancho with ease. But does…
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5150 Ellison St. NE • Albuquerque, NM 87109
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