Quote:
Originally Posted by OldGuy
Paid cash for mine. Wouldn't have bought it otherwise.
Interesting question is how many of those who financed are upside down.
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This is why GAP and free new car replacement (total the car within 3 years and they buy you a brand new one) are a "must" for me on my insurance policy. Also got GAP through my financing agency incase, God forbid, something with the insurance company goes wrong somehow.
I had a teacher in high school who's son had a new (then) '03 Cobra, and the insurance lapsed on Friday, he was going to re-up his policy on Monday. Car was hit Saturday (hit/run). Luckily, only $1200 or so in damage, but it's a good lesson. GAP, GAP, and more GAP, if you are anywhere near even/upside down. Even if not. GAP. It's cheap.