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mentalis · 22-10-2013, 18:57

When I buy cars I usually take it out. An example is when I sold my last car (2.5 yearsish old) the money I got for the car (at a local dealership) would not have covered the outstanding loan I had on the car. (Fortunately the dealership did me a deal).

However, if my car had bee written off the chances are the insurance company would not have done that, which means had the worst happen I could have had a car worth less than the outstanding loan.

22-10-2013, 18:57	#3
mentalis Inactive Join Date: Apr 2004 Location: Warrington Services: \| Freeview \| VirginTV XL with TiVo \| BB L \| Phone M \| Posts: 564	Re: Gap Insurance When I buy cars I usually take it out. An example is when I sold my last car (2.5 yearsish old) the money I got for the car (at a local dealership) would not have covered the outstanding loan I had on the car. (Fortunately the dealership did me a deal). However, if my car had bee written off the chances are the insurance company would not have done that, which means had the worst happen I could have had a car worth less than the outstanding loan.