Ask the Car People.SM


Gap Insurance

467 messages,  Last post on May 06, 2013 at 5:45 AM

You are in the Smart Shopper Forum.

What is this discussion about? Car Leasing, Buying Insurance

Messages Page 46 of 47

#451 of 467 Re: Do I need it? [kdconod] by marsha7

Dec 08, 2011 (9:25 am)

Replying to: kdconod (Dec 07, 2011 2:39 pm)
No. The only purpose for gap insurance is to make up the difference between what you owe and the value of the car, and this comes into play only if you put a small down payment and drive away from the dealer upside down...
 
If your amount that you owe is about equal to the car's value, than gap would be a waste of time.

#452 of 467 Where does one buy gap insurance? by imaginary

Dec 22, 2011 (6:15 am)

Where would one buy gap insurance? I'm trying to find a reputable widely known and used gap insurance vendor. Geico doesn't offer gap insurance which is my insurance company.

#453 of 467 Re: Where does one buy gap insurance? [imaginary] by qbrozen

Dec 22, 2011 (8:22 am)

Replying to: imaginary (Dec 22, 2011 6:15 am)
for a car you own or are shopping for? Dealers typically offer it. Just make sure you negotiate down the price because it is also typically expensive.

#454 of 467 Some auto insurers by marsha7

Dec 22, 2011 (8:38 am)

do offer it, altho your doesn't, but almost all dealers do offer it...I assume the price is negotiable, it never hurts to try...

#455 of 467 Where does one buy gap insurance? by imaginary

Dec 23, 2011 (11:22 pm)

Does anyone know of anyone else who offers gap insurance besides dealers?

#456 of 467 Credit Unions also offer GAP insurance by yt576c

Jan 09, 2012 (9:52 pm)

My CU ( DCU) offered gap insurance for 1 time payment of $250 to $300. But I ended up taking GAP from the dealer as he did a price match to this price - $250. The initial quote he gave me was $750.

#459 of 467 Re: Where does one buy gap insurance? [imaginary] by carthell

Sep 07, 2012 (7:50 pm)

Replying to: imaginary (Dec 23, 2011 11:22 pm)
Progressive does. Saved me a lot of hassle when my first car was destroyed. I thought all insurances offered gap.

Messages Page 46 of 47

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement