Quote:
Originally Posted by Z34Driver
Yes I have Gap Insurance, and yes I owe more than it is worth. This is something that worries me, but I guess that's what it's for right? Also the fact that it's an '09...
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Absolutely... otherwise you would get FMV and still be responsible for the rest of the amount due to the bank...
I didn't get it on my 370z because I am outpacing the devaluation, but I've purchased it on two other cars that were either brand new or almost brand new... that is when they decline much quicker.
I didn't see that it was an 09 though... not sure what they consider fair market but you might end up with a wash on this one.
Either way at least you won't owe money on it.