Re: To Gap or not to Gap? Insuring your purchase...
Only buy insurance if you can't afford the loss and the cost/benefit is something you need to sleep well at night. Insurance always costs more than your expected outlay....to cover sales costs, admin costs, and profit.
Think of it this way, if you paid cash instead of financing and you got in an accident, you'd be in the same position as financing and getting into an accident. Would you buy "gap insurance" if you paid cash up front?
Don't pay $500 for a very small $3000 risk, etc.
•|||||||• 2014 Jeep Grand Cherokee Summit 4x4 V8 in Bright White Clear Coat exterior with Grand Canyon Jeep Brown interior. •|||||||•