Thread: Gap insurance?
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      05-05-2020, 08:30 AM   #15
Conissah
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Drives: 2018 M3
Join Date: Oct 2019
Location: Charlotte, NC

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I grabbed it on my M2C. Put 0 down and have a relatively low interest rate, but depreciation is still a thing. Now with this Corona thing, the car market has dropped even more. Meaning the car I financed for 58k, would sell/be valued at low high 40s to low 50s. I owe more than that on it, so if I were to get into an accident and total the car, I don't come out of pocket for it. Seemed like a smart choice for me at the time, and even smarter now given the current market. It barely raised my monthly payment, so I went with it.
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