Gap insurance and total replacement coverage
We are picking up a new TT in a few days and the dealer asked if I wanted gap insurance. I said no the last time and I'm tempted to say no this time too because my DW typically pays more on out month...
Forum Discussion
The market value of the RV drops as soon as you pull/drive it off the lot as it suddenly becomes a used unit. If your down payment and/or trade is small enough that your loan amount is a substantial amount more than the market value of the RV, then gap insurance could protect you from owing a large sum of money if for some reason your RV is totaled. If your remaining balance owed is less than the current value, then gap is not needed.
