3 ms·
Gap insurance covers a tightly-bounded amount of loss (it will never pay out more than the remainder of your loan), which is why it's so cheap. That's also why
by thedufer 3y ago
Gap insurance covers a tightly-bounded amount of loss (it will never pay out more than the remainder of your loan), which is why it's so cheap. That's also why it's a great target for self-insurance - you know exactly how much you need to have to cover the worst-case loss. If you have the cash, you are almost certainly better off skipping this one.
- bombcar 3y agoIf you have the cash you might as well just skip the loan, unless it’s unconscionably low.
- kube-system 3y agoFor new cars you can sometimes get really low loan rates that are lower than inflation. IMO it's basically free money to take out the loan.