Totaled my 2012 Rubi - LUCKY TO BE ALIVE!
01-13-2012, 08:09 PM
#211
JK Newbie
Join Date: Nov 2011
Location: Brandon, Mississippi
Posts: 94
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by scooby snacks
Here is my understanding of GAP correct me if I am wrong. GAP covers the difference between what is owed and what the vehicle is valued at. If If I owed $35K and it was valued at $30K GAP would pay the $5K difference. It does not pay the $37K that I paid for it.
I only owed $14K on the Jeep so GAP would not work for me.
01-14-2012, 05:10 AM
#212
I wouldnt say "not ever". For example i bought my last 2 jeeps with zero down and 0%financing even though i had the cash. They ended up upside down at first. That way i could make the interest on the cash.
01-14-2012, 05:50 AM
#213
JK Newbie
Join Date: Nov 2011
Location: Brandon, Mississippi
Posts: 94
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by JerseyMark
I wouldnt say "not ever". For example i bought my last 2 jeeps with zero down and 0%financing even though i had the cash. They ended up upside down at first. That way i could make the interest on the cash.
01-14-2012, 05:52 AM
#214
JK Enthusiast
Join Date: Jul 2009
Location: LEBURN, KY
Posts: 195
Likes: 0
Received 0 Likes
on
0 Posts
I know it hurts your feelings for someone to wreck your new rig but in the end it's just bent metal, the important thing is that your ok. I'm sure you had insurance so it will do what you pay for it to do, either repair or replace your vehicle.
There is an upside to the idiot that hit you without insurance and that is that he now doesn't have a car to drive nor insurance to repair / replace the one he hit you in, so maybe he is off the road for a while. I'm sure if he didn't have insurance, licenese or current plates on his vehicle he will have a hard time coming up with a down payment on the next car.
He was probably on his way home from an Occupy meeting.
There is an upside to the idiot that hit you without insurance and that is that he now doesn't have a car to drive nor insurance to repair / replace the one he hit you in, so maybe he is off the road for a while. I'm sure if he didn't have insurance, licenese or current plates on his vehicle he will have a hard time coming up with a down payment on the next car.
He was probably on his way home from an Occupy meeting.
01-14-2012, 05:55 AM
#215
JK Enthusiast
Join Date: Jul 2009
Location: LEBURN, KY
Posts: 195
Likes: 0
Received 0 Likes
on
0 Posts
Just saying it goes to establish value.
01-14-2012, 06:43 AM
#219
Originally Posted by Bjbspong
Huh? Back this up with complete details/documentation and calcs. I bet you cant do it.
1. Cash: i get jeep, chrysler gets 20k
2. Financed at 0% 36mo: i get jeep (with lien until paid off). I also keep 20k (minus $555.55 per month) and make some interest on it for 36months
01-14-2012, 07:31 AM
#220
JK Newbie
Join Date: Nov 2011
Location: Brandon, Mississippi
Posts: 94
Likes: 0
Received 0 Likes
on
0 Posts
Youre making stuff up - i want to see you back yourself up with true data and facts, not hypos - question: why wld you knowingly buy something that drops 5k in value as soon as its driven off lot?