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Alright, so... I had a guy pull out in front of me a 4 months ago. For those of you telling him to purchase GAP insurance, it won't help all that much. I had GAP insurance on my car. The dealer wrote down $1,500 as a rebate on the sale sheet, even though I got more off the car than that. Then insurance deducted this amount from the amount they paid for the car. Luckily I have had a lawyer since the day after the accident and haven't had to deal with any bullshit. Just know that GAP insurance is NOT guaranteed to cover the entire difference that is left when the car is paid off. I've still got almost $1,000 left on a car that has been claimed totalled for months now. Luckily I was able to get my bank to keep it from accruing interest while the settlement is going on, and cancel the payments on it.
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