Re: Should I keep GAP insurance?[ Edited ]
02-05-2013 03:47 PM - edited 02-05-2013 03:48 PM
I'd keep it. Why are you wanting to cancel the policy? My local dealer told me they don't issue money to customers on policy refunds (GAP & Maintence Plans). It just comes off your total loan balance so while your payments stay the same it just shortens your term. No idea how your dealer runs things.
I put $1500 down on my '13 sonata..$500 from competitor coupon and $1000 for financing thru HMFC and took the GAP.