ougrad1
Full Access Member
- Joined
- Nov 7, 2010
- Posts
- 270
- Reaction score
- 8
Yep, if you paid cash, then you don't need GAP insurance. It's real only good if you finance all or most of the purchase price.
Just get the best car insurance coverage that you can find. Or put a GPS tracking device in your LR4 so it can be tracked if it gets stolen. If you're on it fast enough, the police should be able to get to it quickly.....if they have the time and resources....
Growing up with parents that pay cash for everything, I've always lived with the thought that if I need GAP insurance, I probably can't afford the car. Sort of like financing a car for 72 months, IMHO. I've noticed zero down financing is back on many retail fronts. I hope Americans learned from the "great recession" and we don't go back to spending more than we can afford and leveraging almost everything.
...but I digress.