If you go to buy a car for lets say $32,000 and that’s the msrp . But then the stealer ship adds it’s so called dealer TAX of $7000 to the price . And you finance or get a loan for the car for $39,000 and God forbid you wreck or total it, in say the first six months of owning it .
The insurance company is only gonna pay off the loan for what the MSRP is $32,000 . leaving you with $7000 that you still owe the bank unless you take gap Insurance on your loan which is gonna cost you $500 to $700 bucks when you get it.