the big problem with Gap Insurance !
If you buy gap insurance on a new RV you are acknowledging right from the purchase that you owe more than it is worth ! Why would you buy and finance something that has less worth the instant that yo...
Forum Discussion
wanderingbob wrote:
If you buy gap insurance on a new RV you are acknowledging right from the purchase that you owe more than it is worth
Just about every vehicle you buy is worth less than what you paid for it as soon as you drive it off the lot. People buy GAP insurance when they don't have the financial resources to run the risk that they can't pay off their RV Loan in the event it's totalled. No shame in that - and it's a choice based on their wallet.
