Doing it wrong... V. Car Loan

[EmersonHart13]

Dude is talking about GAP insurance on an 05 GTO.


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THREAD SAVE: http://muir13.com/NEW/Gap1.pdf

wut :rollpicard:


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[Dasfinc]

Need to register, Fail.

 

[EmersonHart13]

God that site sucks.

 

[The Broken Regal]

CSB

 

[Mook]

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[EmersonHart13]

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THREAD SAVE: http://muir13.com/NEW/Gap1.pdf

 

[Burtonrider10022]

 

[Mook]

GTOs hold their value guys.

 

[EmersonHart13]

That was honestly the funniest part.

Though the Michael Strahan comedy was priceless.

 

[Bob Kazamakis]

A loan on a 9 year old car

 

[Burtonrider10022]

A loan on a 9 year old car

Not to mention it's a loan with a down payment small enough to warrant GAP insurance.

 

[EmersonHart13]

So much fail.

And I owe you a small tug, I'll be gentle, for posting the screen shots.

 

[Outlaw]

Not to mention it's a loan with a down payment small enough to warrant GAP insurance.

Ballin' on a budget...

 

[FrenchLicker]

They banned me

 

[sickmint79]

i had to google GAP

 

[Burtonrider10022]

It's a good idea if you are not putting a large down payment or don't have a financial buffer to cover it in the event of a total loss.

I had GAP on my Mitsu, paid the loan off early (frickin 72 mo. financing promo, hell yeah I took it, just in case) and upon contacting them they returned the pro-rated amount. I got almost half of it back

 

[EmersonHart13]

Key point, you bought a new car.

 

[Burtonrider10022]

Very true. But, IF that guy decides to buy a car he probably shouldn't, GAP is a good thing. That's all I'm sayin'.

I just realized it's you. Nice new av.

 

[EmersonHart13]

I did gap on a mew car and 0%. Otherwise you should put more down.

I would never buy a used car and need gap. You are over paying.

 

[boostedguy05]

ive had GAP on 3 cars now. the wife's past two and my new one. and i need to use it for mine. worth every cent.

 

[Fish]

I like the comparison between GAP and PMI. They are technically the same.

I pay my insurance company for loan/lease payoff in case something happens. That way I can remove it from my coverage once the time comes instead of giving it to the lender who will charge me for the life of the loan.

Also Joel, I did a loan on my regal. The interest was cheap, and why drain myself?

 

[Aircal]

GAP is really needed for people rolling neg eq into a new loan. Or those that will only make the min payments for the life of the loan.
I just took out a loan on a 10 year old car. And I put 25% down. Price of cars is up there now days. Most are not walking around money type prices anymore.

 

[02BlueGT]

Spam [MENTION=5]Mook[/MENTION]

 

[cacicgtp7]

Sigh. We need a flag post feature on this forum.

 

[boostedguy05]

It would just get abused