Gap insurance is such a lifesaver.. everyone should get it, specially if the vehicle is brand new.

 

Gap Ins is a great idea, if you dont put a subtancial down payment on the purchase or if you dont pay ahead your loan. Also USAA insurance gives a policy holder what they call (ACV) Actual Cash Value, which means that they will give monies base on what the car is being sold for in the market. Normally its higher than blue book or black book value.

My car is brand new. I owe less than $15k and financially well off. If you have economic issue or instability in your life may be gap insurance is for you. But not for everybody.

 

I agree. that's why they offer it, because it's such a great deal for the customer and the banks lose money on it.

Also, gambling in Vegas is a great investment too because the casinos nearly go broke by paying out so much money.