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Smart Shopper Gap Insurance
442 messages, Last post on Dec 03, 2009 at 6:33 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: joel0622 (Aug 29, 2009 3:22 pm) My insurance company does not do GAP for used cars, so, I was not considering using them for GAP. And the problem is, I may not get financing for the car if I include the $600 GAP insurance in the financing contract. I think it would be the best way to go if I could also get financing, but, right now I have to reduce the amount I am trying to finance or I'm not going to be able to get any. It's a tough world out there credit-wise these days. I am trying to find a company that offers GAP insurance for a 2008 car with a high interest rate loan. If you or anyone knows of such a company, please let me know. Thanks! |
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Replying to: kelliann (Aug 29, 2009 5:08 pm)
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Replying to: madmanmoo (Aug 31, 2009 6:38 am) 
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Replying to: kirstie_h (Aug 31, 2009 8:12 am) |
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Replying to: madmanmoo (Aug 31, 2009 6:38 am) kelliann: have you ever thought about getting a cheaper car? You seem to be stressing over this purchase. Plus it appears you are at the upper limit of your credit if $600 is going to somehow disqualify you. And to be honest a six year, high interest loan on a used car in this economy is probably not the smartest move. Why not look for a 2006 Camry instead or a cheaper car? I know it the older design but it should be a few thousand cheaper and near bullet proof in reliability since it was the last year of that design. You can find plenty of Camrys with 40k-50k miles for around $13k. Why not look at a new Sonata? Hyundai has been very aggressive this year in sales and you may be able to get a new Sonata for the same or lower than a one year Camry. The Sonata is rated the same as the Camry. |
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Replying to: kelliann (Aug 29, 2009 1:32 pm)  ) ...Dave
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| That should be the total premium, most likely...so, spread over 48 monthly payments is under $10/month...to me it is worth it, to some it isn't...if the car is totalled in the first 2 years, you may be quite glad you have it...as the vehicle loan balance goes down, the policy is worth less and less, but if you are upside down, say, $7-10K in years 1 and 2, the policy will be quite valuable | |
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Replying to: wdhyte (Sep 13, 2009 6:44 am) |
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Replying to: wdhyte (Sep 13, 2009 6:44 am) |
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Replying to: dtownfb (Sep 14, 2009 8:46 am)
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