Dealer Additional Services - What is GAP Coverage and Should you Get it?

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Long video short, if you finance nothing else but the bike, then you don't need GAP. But if you add $10k to your loan in goodies, then you should consider buying GAP. Thanks for watching vatos, ride safe.

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GAP just saved one of my coworkers some major money recently. Long and short, she got rear ended in a hit and run, car totaled. She owed $18k on the car, insurance valued the car at $11.5k. The Gap covered $6.5k that she would have been on the hook for. Without the gap she would have owed $6500 on the totaled car and still had to buy another vehicle. With gap insurance she had a clean slate. On to the next one.



Awesome video, it’s great to see content that helps prevent people from getting into expensive, sticky situations.

tjaym
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GAP is essential is you owe more on you loan than the price of the item purchased. Which to be honest is the case in most purchases. You take a huge hit the minute you ride away from the dealership. Inexpensive insurance to have if the worst happens. Good explanation. Take care.

bcbsilverhawk
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Gap is definitely not a bad idea at all, good dive into the deets!

BikesBeardsAndBrews
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That’s exactly why I bought a 2023 Brand spanking European motorcycle to replace my GS.c” There was NO mark up and I’ll be paying almost the same payment if not less for a more expensive model than I own now with the GS…

MRGS
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I think gap means u have low credit score or not enough credit history or your income ratio is questionable. Let’s hear the comments ?

mrchalco