Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper Gap Insurance
440 messages, Last post on Sep 24, 2009 at 1:20 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
Thank you for the information. However, my husband leased through GMAC. He is 65, but I don't know if they offer the same Peace of Mind benefits. I am 58. Again, thank you for any information you may have!
|
|
|
|
|
Replying to: dsoret (Sep 03, 2007 5:09 pm) As far as the lease goes, if I recall, GMAC has a similar program, simply turn the car in and you can walk away. You might ask your dealer's Finance Manager as well. |
|
| Sorry, I appreciate all the help you have tried to give me, but I talked to GMAC today and they do not have ANY Peace of Mind Benefits! In fact, they didn't even know what I was talking about! My dealer was in the dark also; never heard of it he said! Therefore, I am stuck with a 36 month lease on a 2007 vehicle that we cannot use (due to my husband's terminal cancer)! I sooo appreciate all the info you gave me and how you tried to help! | |
|
Replying to: dsoret (Sep 04, 2007 4:51 pm) |
|
|
Replying to: dsoret (Sep 04, 2007 4:51 pm)
|
|
|
Replying to: joel0622 (Sep 05, 2007 8:07 am)
|
|
|
Replying to: dsoret (Sep 05, 2007 2:01 pm) I later spoke to the management of the dealer and they tried to be helpful. They remembered my father-in-law and made inquiries about how much it would cost them to purchase the car from GMAC. They found out it would not be financially beneficial for them to purchase the vehicle but they went out of their way to help wherever they could. They even sent someone to pick up the car since my mother-in law does not drive and I am not in Florida. We returned the car to the dealer in May of 2006 and in July, received a bill from GMAC for the difference of what we owed and what they got at auction ($7800). On the advice of the attorney, we ignored the bill. It is now 14 months later and we never heard from GMAC again. I don't know if they just wrote it off or what, but there has been no contact. I don't know if this is any help, but this was our experience. Phil |
|
|
|
I have a question about gap that I can't find an answer to. My fiancee has gap insurance on his car, and he got into an accident last week, the damage will be more than the car is worth. The only problem is i just bought a new car and we were having a problem setting up our new insurance for both cars, so the car coverage hit 20 minutes after the accident. So we got denied. Is it required to have car insurance for your gap insurance to be valid??
|
|
|
Replying to: mistrisevl (Sep 06, 2007 2:47 pm) I believe so. Your contract should spell out the terms - more or less clearly. Anyone here know for sure? tidester, host SUVs and Smart Shopper |
|
You are here:
Forums
Smart Shopper Gap Insurance
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
