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Old 03-05-2009, 05:50 PM   #63
Silver Streak

 
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Drives: 2008 Cobalt SS/TC
Join Date: Dec 2008
Location: New Smyrna Bch. Florida
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Quote:
Originally Posted by garagelogic View Post
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.
Financing choices are kind of personal. I don't think you can say what is right or wrong for their own personal situation. There have been many cars paid for in many different ways. JMO
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