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i hadnt really looked into this being as its my first loan but the biggest problem i see with it is, what if your car gets totaled. basically you are taking the chance that at the end of the term of the loan your car is still in perfect condition. If you have a chance to be earning 3-5% on what your normal down payment is and go with this you obviously make some money.. if of course the car is still good at the end of the payment. more or less this is the opposite of gap insurance.
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2LT CGM auto/sunroof/RS
1100: 11-29-08
6000: 6-29-09 
cracked windshield: 7-1-09 
1000 miles 7-4-09
windshield replaced: 7-9-09 
2000 miles 7-10-09 (yep 2000 miles in 11 days) 
3000 miles 7-16-09
4000 miles 7-30-09 |