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Originally Posted by rydr1
well sorry buddy that some of us dont have 30k in cash to put down in car and apparently you do.
i bet you have a good insurance but what for if you have enough money to blow in case of an accident right?
and you are getting it all wrong im not asking anyone to let me borrow extra money, your comparison is nothing but stupidity coming out of your mouth.
are all the camry owners assholes like this guy?
touringcamry thanks for the info man, yeah i do understand that if you pay a large amount for the car gap is not needed.
i payed a good amount down but not enough to brag like the fucking kid above us.
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I'll address each line:
You don't need to put down 30k in cash. My financial circumstances aren't for public display but I can promise you that I'm doing just fine.
Insurance is legally a must. Being that I have to pay for insurance, I get full coverage. It's cheap enough and protects me from a large lawsuit in the event of an accident, passenger injury, death, etc. The extra collision and comp are so cheap that it makes sense. It doesn't make sense to risk your own assets and financial future when insurance is cheap, well, it's cheap insurance. I'd rather make a small monthly payment and know I won't be bankrupt from a lawsuit.
You don't seem to understand comparisons. I didn't say you were asking to borrow money. I bet you kind of feel stupid. Maybe you don't feel stupid because that's just a normal feeling for you.
No, most Camry owners are fairly well educated and decent from my experiences. You're changing that now though.
I am guessing that touringcamry will say "You're welcome".
I actually put nothing down on my car. It wasn't convenient for me at the time. I didn't have alot of cash on me and don't carry my checkbook. I also didn't want to run down to the bank. I just paid it off last month (one year). I like to get a car loan and pay it of in 1-3 years just for the credit experience/rating.
But the facts are still the FACTS. You will need GAP if the car depreciates faster than you can pay on it. That usually happens if you don't put enough down, or have poor credit with a high interest rate, or a high rate because you are getting screwed. It's also a good idea if you have crappy insurance coverage that won't pay the car off if you are upside down.
GAP is a good idea if you are leasing a vehicle. In most cases the lease will have you upside down the entire time. GAP really got popular when leasing became popular.
Apparently you are experienced in being upside down. That explains why you are so defensive about being a financial loser. Just remember, in the commercials when they say; "For well qualified buyers" that they aren't talking about you.
Have a nice day.
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