Quote:
Originally Posted by fistpoint
Why must he get GAP insurance? Do you know how much he plans to use as a down payment?
GAP insurance is only for people who have little or no money for a down payment. If you buy the "right" way, you have zero need for GAP insurance. Who the hell buys a car with little or no money down?
GAP insurance is just a catchy phrase that stands for: "I couldn't afford it, so I bought it anyway".
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GAP is a simple CYA measure. You never know what will happen in the next day to how ever long you own the car. GAP is cheap, and helps you from going into paying a car you might no longer have.