02-13-2012
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#11
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Join Date: Mar 2005
Location: Blaine, MN
Drives: '91 Automagic
Posts: 13,908
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Re: New advice on buying a new car
Quote:
Originally Posted by goodhart
Yes, would be stupid not to do gap insurance with ANY car you are taking out a loan on. The bank can explain it all to you and work it into your payment. Pretty much if you get into an accident and your car gets totalled, and it gets valued by insurance at say $5,000, but you owe say $8,000, gap insurance picks up the rest so you don't owe $3,000 on a pile of scrap.
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thx for explaining that.
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