bill_b
Full Access Members
No, I know you're right... Life doesn't always work out the way we intended it to. GAP won't be an option to my knowledge because the vehicle is damn near paid off... Infact I only financed a little to qualify for $1250 Ford incentive that comes with using their piss poor financing.In the future I would advise against thinking like this. My first and last new vehicle purchase was a Ford Focus compact. I bought it because I needed a reliable vehicle for a long commute, and knew very little about vehicle maintenance at the time. The vehicle was flooded one year later during Tropical Storm Allison. Luckily, I put a substantial sum as down payment.
Depreciation seems like something that you recognize in the future, when you sell...but the future can arrive much sooner than you think. If your vehicle is ever heavily damaged, you will eat the depreciation immediately. For that reason, I would suggest gap insurance on a vehicle this pricey.
I wonder if there is an added coverage option though as this thing will be worth basically $20k less by the weekend.... Hmm