^^agreed, my wifes warranty started at 2500 and ended up getting it for 800

 

.....its actually the opposite....GAP insurance is a very very usefull feature on an auto loan.
it pays out any balance left over from the insurance company settlement due to the vehicle losing value as time goes on.

ex. vehicle value at time of loss: $16,000

amount of loan: $22,000

insurance companies are required to only pay out what the car is worth (in this case $16,000)...NOT what you paid for it.

its not the insurance companies fault that you got screwed on a loan. however, if you purchased GAP insurance; GAP would pay out the $6,000 difference between what the car is worth and what you owe.
..seems like a fair deal to me...why would you say GAP is a joke?

 

it's always good to get GAP