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Gap Insurance

446 messages,  Last post on Dec 05, 2009 at 7:59 AM

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#31 of 446 GAP INSURANCE..."A BLESSING ! " by rroyce10 Jan 27, 2001 (2:04 pm)
"Gap insurance".. is one of the least expensive forms of much needed Insurance that any one can buy....! The average consumer, is now trading vehicles (or attempting) about every 28 months... compared with approx 40 months, 5 short years ago.          What gap insurance can and will do.. is this, cover are own mistakes. With all the special financing deals--no money down deals-- sign your your name, and drive away deals --and "most" consumers are doing just that..... After the first trade cycle.. and for sure the ..second..most people, owe $20,000 on $12,000 vehicles.... and for the more "successful people" they can owe $40,000 on $25,000 vehicles. It's common..! So if a accident occurs.... theft, and 100% totals etc,etc. You don't have to have, cardiac arrest battling your insurance company that you have been with for 20 yrs-- as they try to "give" us a check for 70 cents on the dollar!      Most credit unions sell it ... whether or not you finance with them along with -Ins companies and a host of others on the net..... Just take your time... and shop!      That's -CHEAP-insurance for a couple hundred bucks...! "MD2002"--- That's great advice! PS... most leases have it, "but" read the small print... especially- Fomoco - happy hunting!
#32 of 446 Gap insurance by glenn54 Jan 28, 2001 (6:14 pm)
Is it cheaper to get gap insurance from your insurance company or thru you loan company?
#33 of 446 Gap insurance by glenn54 Feb 06, 2001 (6:19 pm)
Didn't get any response to this a while back. Thought I'd ask again. I was wondering where would be the best direction to go to get GAP insurance for a new car purchase (Insurance co, dealer, loan co, etc.)
#34 of 446 Gap.... by rroyce10 Feb 06, 2001 (10:28 pm)
Gap insurance...is like anything else, You shop it...like I might have mentioned before....some Credit unions/banks/insurance companies will sell the product ....whether you finance with them or not. My sister just financed a new Acura, and she financed through Acura/Honda...but , bought the Gap insurance through her Credit union and saved $127.00 over the dealers insurance.....so it was worth here time..... !              Good luck....
#35 of 446 Does GAP Insurance create a moral hazard? by kinley Feb 07, 2001 (9:52 am)
Two years later I owe 30k on a 12k car and I just got fired, divorced, & convicted. But, with GAP coverage I can run it over a cliff and wipe out my debt. I can't burn it because I have already been convicted of arson. Where else can you get 18k for only a hundred bucks a year?
#40 of 446 Great idea! by bretfraz Feb 09, 2001 (10:06 am)
It ain't easy to make a car payment on the pay one gets from pressing license plates.   If it were me, I'd ask one of my new friends in the pen to have it stolen and stripped. The money paid to the thief goes to your new friend. That way you get out of the car payment and don't have to worry about having to toss your friend's salad.

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