GAAP Insurance


Most folks won't take the hit and ride out their loan. No need in getting fugged over twice.
 
I think GAP insurance is important, because you never know what can happen, and it only adds $15-$30 on to your note. One of the saddest things I ever saw from working at a car lot was a woman brought a brand new Kia Optimum, and she totaled it out a couple days later. Because she didn't have GAP, she still had to pay notes on a totaled out car.
 

Why not? I can't wait to trade mine in. It's gonna have too many miles on it to keep anyway....give me a G or 2 for it and I'm cool.

I have personal reasons.

1. I have a teenager who will be 15 years old in December. The car I trade in could be a nice car for a teenager to drive around town.

2. I no longer believe in paying big money for a car and accepting $1000 on a trade-in.

I would just rather drive it until it is no longer worth a dime to anybody.
 
Back
Top