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it's probably worthwhile if you're the kind of buyer who doesnt want to put down any money at purchase and know that you're going to want a new car in 2-3 years.
i've never purchased gap insurance because (a) i usually put down 20-25% with cash or trade-in on purchase -- at the very least i'm paying all taxes, tags, title and fees plus 10%, and (b) i tend to buy used / off-lease / CPO vehicles that have taken the first big depreciation hit, and (c) i tend to keep my cars 5-6 years and ride out the rest of the major depreciation.
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my garage: '23 G05 xDrive40i m-sport; '21 F87 M2C, 6MT; '17 F25 x-drive28i SAV; '15 F55 mini hatch 5-door
retired: '87 E30 MT 'vert; '92 E36 sedan; '99 E36 MT 'vert; '06 E90 x-drive sedan; '07 E83 x-drive30 SAV; '09 E91 x-drive wagon; '12 E89 Z4 MT M-sport; '15 F22 sport line
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