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wanderingbob's avatar
wanderingbob
Explorer II
Nov 25, 2018

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 you buy it !
Pay a lot more down and you are in the same boat but you will save the cost of gap insurance .
There are no easy answers , if that is the only way that you can swing the deal , have at it !
Americas RV industry was built on pay as little down as ya can and finance for 12 years .
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  • ken56's avatar
    ken56
    Explorer
    Nov 25, 2018
    Something is worth only what someone is willing to pay for it. It's the same for a car or truck. Depreciation is what it is, we live with it or we don't purchase anything because everything depreciates. I have never purchased "gap" insurance just like extended warranties it's not worth the money to me.


    I hate insurance companies but what ya gonna do? it's a necessary evil that we have to have it. I am sure if all of us added up the premiums we have paid for car insurance and the claimes we have made on said insurance we would be shocked at how much we have paid for that "peace of mind".

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