Wrecked...

Originally Posted by jamesleerpc So with GAP whats the price that is considered the car worth? For instance: KBB says my car is worth around 35k and if insurance pays

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12-22-2010, 07:02 PM

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theDreamer

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Quote:

Originally Posted by jamesleerpc

So with GAP whats the price that is considered the car worth? For instance: KBB says my car is worth around 35k and if insurance pays 30k then GAP pays 5k? And if this is true, who determines what the car is really worth ?

GAP is for your loan.
Say you owe 35k on the car.
Insurance pays you 30k.
GAP gives you 5k to cover the rest of your loan.

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