Posted: Nov 09 2004 at 8:36pm | IP Logged

GAP pays off the truck in case it is totaled or stolen.  It's like an insurance.  It pays the difference between the loan amount and the actual value the insurance company wants to pay you.  That is the way I understand it, but correct me if I am wrong.  I have the same thing with my insurance company.  It cost a few extra bucks a month but pays the total loan off.

Good luck on buying the truck. 

BTW I got shafted with a $864 BS charge.  It was a Arizona weather protection package.  Pretty much a wax job and a warranty for the seats in case there's a stain that I can't get out. Plus they will paint the truck if it peals in the AZ sun. It was a  B&*^%SH^&*T  charge but they threw in the $300 bed liner for free so the wax only cost me $500, &*%&%^%.