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
Given the immediate depreciation of an RV, I would think that all banks would require gap insurance on any purchase that isn't at least 20% down. It's hard to imagine the bank not insisting on enough insurance to cover the amount of the loan, at a minimum.
