Be sure to buy gap insurance for your new car. I'd never heard of it before my car was totaled and I was upside-down on the loan. Gap insurance covers the amount between what the car is worth and what you have to pay on the loan if the car is destroyed before you've paid enough. I got it for my new car and John's when his died last spring. Definitely worth it! Good luck on the new car.
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branchandroot
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Date: 2010-03-04 11:32 pm (UTC)Be sure to buy gap insurance for your new car. I'd never heard of it before my car was totaled and I was upside-down on the loan. Gap insurance covers the amount between what the car is worth and what you have to pay on the loan if the car is destroyed before you've paid enough. I got it for my new car and John's when his died last spring. Definitely worth it! Good luck on the new car.