Gap insurance, service contract/ extended warranty

DougConnie4ever wrote:
Is it wise to buy on a brand new coach ...

1. Extended warranty if so from who
2. Gap insurance if so why

I predict that there will be many, many responses to this thread with no definitive answer. That said, let me offer my opinion.

1. Yes - If you are not prepared / able to work on your vehicle yourself this is the way to go provided you read the fine print to see what is covered vs what is likely to go wrong, and the dealership is fairly close by, reputable and fair to deal with. In many cases one repair will pay for the extended warranty, espeically on these units and their components, for which QA seems to be a dirty word.
   
2. Yes - Gap insurance is a good idea whose benefit is inversely proportional to the rate of depreciation of the asset insured.
   

Now lets watch the different opinions flow in. :)