got gap insurance???
#1
got gap insurance???
has anyone bought the gap insurance offered by nissan??? i bought it for my maxima at the time of purchase. it was around 300. i didn't check with my insurance to see if was cheaper , i was kinda put on the spot. so i went for it. sounds like a good deal if you max gets waxed(totaled). thanks.
#7
Re: no gap here
Originally posted by theMax
not needed with a large downpayment. If I did need it, I would check with my insurance co before I bought anything from nissan
not needed with a large downpayment. If I did need it, I would check with my insurance co before I bought anything from nissan
![Roll Eyes (Sarcastic)](https://maxima.org/forums/images/smilies/rolleyes.gif)
#9
gap
covers the GAP between your loan balance and the value of your car.
example:
Buy a car for 25K with tax is 26K, drive it off the lot and its now worth 23K. Total it in a week the insurance is goig to give you 23K and you owe 3K out of your pocket. GAP covers that.
example:
Buy a car for 25K with tax is 26K, drive it off the lot and its now worth 23K. Total it in a week the insurance is goig to give you 23K and you owe 3K out of your pocket. GAP covers that.
#10
Gap insurance saved my A$$!
I had just purchaced brand new 93 mazda B2600I 2wd excab pickup, lowered with a stereo. 3 Months later I go out and my truck is gone. I call the local cops (Prince William County VA) and they tell to call the State police b/c my truck was towed. I call them and they tell me to call the secondary VA state police. So I finally get in touch with the office doing the case and he tells me that my truck was involved in a collision
.............with a frieght train
I said " A F#CKING TRAIN HIT MY TRUCK!?!?!?!?" He said to please calm down and too a statement. Side impact bars doesnt mean **** when it comes to a train. Anyway insurance covered 10500.00 of the 17000.00 loan and Gap Insurance covered the rest.
![Frown](https://maxima.org/forums/images/smilies/frown.gif)
![EEK!](https://maxima.org/forums/images/smilies/eek.gif)
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Omar Abdurrahman Siddiqi
5th Generation Maxima (2000-2003)
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08-26-2016 05:18 PM