Quote:
Originally Posted by garagelogic
I'm pretty sure gap insurance only covers you if there is a total loss on the vehicle, not if you lose your job or become unemployed and can no longer afford the payments.
Quite frankly, if you are even slightly worried about your job or income, looking to buy a new car is not something you should even be considering, let alone a car who's cost requires you to finance for a long term.
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Yes, you are correct on the GAP insurance. That is what I was saying. It only covers you in a total from what the insurance company deems your vehicle worth to what you actually owe. If in fact you do owe more than its worth.