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Reply #21: The difference between what you owe on your car and what it's [View All]

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Lochloosa

(1000+ posts) Send PM | Profile | Ignore

Wed Feb-08-06 12:39 PM
Response to Reply #17

21. The difference between what you owe on your car and what it's

Edited on Wed Feb-08-06 12:40 PM by Lochloosa

worth. The "Gap"

You can get it here http://www.gap-insurance.com/
The dealer will offer it to you but it will be twice the cost of buying it online.

Gap Example:

Your Loan Payoff is: $20000
Your Vehicles Actual Value: $17000
Your insurance deductible: $500
Your Insurance Settlement: $16500
The GAP we pay: $3500

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