and how we can cover the difference. Buying or leasing a new vehicle is always an exciting moment, but driving it off the lot can also cause some worry. At The Nolen Agency Insurance we can help put your mind at ease by offering coverage that can help protect your investment in the event of an accident, natural disaster or theft.
If you recently financed or leased a vehicle it is probably worth less than what you owe on it. As a result, Loan Lease Gap insurance may be right for you.
Call us today if one or more of the following describes your situation:
*Extended term loan. It takes longer to build equity in your car with a longer loan term.
*Depreciation. The rate at witch cars depreciate varies and according to Edmunds, on average a new car loses 11% of its value the moment you leave the lot.
*Maximum financing. Taking a loan for the full price of a new car or borrowing more to cover extras such as service plans or extended warranties.
Any of the above can cause you to we more that your vehicle is worth. We are also available to consult you on your car insurance. So call us today at 903-849-4009 in Chandler, Tx or 903-904-5100 in Athens, Texas. Visit us on the web at www.nolenagency.com