04-07-2011, 01:32 AM
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#46 (permalink)
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A True Z Fanatic
Join Date: Feb 2009
Location: FL
Posts: 4,776
Drives: Baby Shark
Rep Power: 701615
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Quote:
Originally Posted by Shamu
Put $10 K down and financed the rest as I like flexibility with my money. I have some much higher returns with my liquid assets than my very low interest rate.. No need to tie them up in the car.
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Quote:
Originally Posted by ImportConvert
This is why GAP and free new car replacement (total the car within 3 years and they buy you a brand new one) are a "must" for me on my insurance policy. Also got GAP through my financing agency incase, God forbid, something with the insurance company goes wrong somehow.
I had a teacher in high school who's son had a new (then) '03 Cobra, and the insurance lapsed on Friday, he was going to re-up his policy on Monday. Car was hit Saturday (hit/run). Luckily, only $1200 or so in damage, but it's a good lesson. GAP, GAP, and more GAP, if you are anywhere near even/upside down. Even if not. GAP. It's cheap.
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/\ +1 to both these gents replies.
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