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Originally Posted by Gmo
Sorry to raise this from the dead, but I am going through the same thing. Got my '13 BRZ last Monday. They hit me with all the warranties, GAP and other stuff. I had the maintenance and service warranty which was $4525 total, the GAP was $695, originally. They had to fix the loan and my payment went down, but I have less coverage and noticed the GAP went up to $995. I asked him to remove it because I didn't need it and he said "I have to leave it as is because it's the end of the month and this is what the bank wants to keep their assets safe." The guy told me to cancel the GAP in 90 days. I'm calling in to cancel next week.
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Not sure how upside down you could be on a loan on a used car but if you are then the Gap insurance is a good investment. There are many guys on here that totaled their car and ended up taking a financial shit kicking because they owed way more than it's value but felt that Gap was a waste of money. They ended up paying five or six times what the Gap insurance would have been to replace their cars. I specifically asked for Gap since I traded in a 2 year old car that I hated beyond belief (long story) so was way out of car value vs loan amount. With the Gap insurance in place if I total my car I will not be out of pocket for a single cent. Look at things closly to make sure you are making the right call before cancelling it.
Quote:
Originally Posted by Yardjass
I just had to comment about the dealership finance people real quick. Most of those guys are weasels and I have a pretty short fuse with them anymore.
I went to turn in my TDI last week and the dude tried to get me to re-fi the 2% rate on my used FR-S. I told him to get f***ed because of the last jerk there who hassled me about re-fi until I finally sat down. He ended up trying to add on warranties and stuff without telling me, I wasted my time and left with the same loan that I had, and they forgot to give back my license, and then took over a year to mail it back to me. Say no to every single extra that the dealership offers. The only thing worth it is line-x on trucks and 3m clear bras but even those can be had cheaper somewhere else.
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They are just doing their job which is to try to sell you more items. Many people actually want those items that is why they have them. Ya they should be up front about it so I will give you the anger over the hidden ones but if above board and honest they are not "weasels" any more that you are when you do your job (whatever that may be). To paint them all with the same brush is unrealistic.