GAP Insurance

[RisingForce]

A dealer is going to charge 400-600 and then roll that into the life of the loan. So not only will you be paying interest on it, but you'll essentially be out that money if you sell early or actually total the car. I prefer to just pay the extra $80-100/year on my insurance premium and then drop it at the point when the car value equals the loan value.

If you get it down to $300 from the dealer you really don't pay that much in interest. Still less than what you'd pay the insurance company over five years.

Plus if you trade or total the vehicle they do pro rate it and you'll get money back.
The best gap insurance through dealer is the Ford gap that dealer can sell for. $300. Their gap also pays your deductible for up to $1000.

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[B17drvr]

I get agreed value insurance.