What do you guys think of Mrs. Chevy Dude opening up the video? Get your swag Chevydudestore.com free shipping on everything.

@dominickmcgee7907

3 жыл бұрын

It was great

@DrDixiNormus

3 жыл бұрын

Bad to the bone- ya boi THESMALLENGINEGUY

@BobThe9534

3 жыл бұрын

I prefer u opening the video

@paulbryan5685

3 жыл бұрын

Anytime a couple can spend time together it’s a great thing and it comes through in the video

@vinsonmorgan8133

3 жыл бұрын

It was great💯

Glad I got GAP coverage on my Malibu you sold it to me! Idk if you remember me driving it off your showroom floor and totaling it in a different state 10 months later... so glad I got it! Walked away owing nothing!

@ntwalipat2

3 жыл бұрын

Glad you made it out unscathed! That's the most important part! Was the car purchased new?

The last time I bought a vehicle I got GAP through the bank I financed it with. It was a fixed amount for the life of the loan (I think it was like $350), so in my opinion it was a no-brainer.

@ntwalipat2

3 жыл бұрын

You paid roughly $10/month! That's a Netflix subscription worth, but it can certainly save you $$$

@tommy2346

2 жыл бұрын

@@ntwalipat2 you don't need Netflix. All movies and shows are free online lol

@Sha-vf2bx

Жыл бұрын

Exactly what I did

@Jackdman25

Жыл бұрын

@@tommy2346 Yeah free options are out there, but many do not have the streaming quality/consistency, convenience, and shareability within the household that applications like Netflix provide.

Chevy Dude! Thank you sir. I just bought a new Trailblazer and was so confident due to your expert advice. I was in and out of the dealership in about an hour. So fast, thank you so very much.

I bought a car with a very large down payment ($11,000) for an out-the door price car price of $29,686 which is 37%. The dealership (not this one, this was in California) added Gap insurance to the sales contract without even asking me for a mind boggling amount of $3000. When I told them to redo the contract without this, they said "it is for my protection". I told them to take it off or I walk. They took it off. When you put 37% down, there is no Gap to insure. Then they tried to sell me the B.S. protection plans. I just laughed.

@presidential3228

2 жыл бұрын

Yes but you still owe 19k, if you total your car, you will have to pay those 19k.

@sarahobrien3379

2 жыл бұрын

His regular insurance would pay that.

@JeepTJWheelin

2 жыл бұрын

@@sarahobrien3379 Exactly!

@PaulWeezy50

Жыл бұрын

@@presidential3228 You still have to have this thing called INSURANCE. LOL

@presidential3228

Жыл бұрын

@@PaulWeezy50 not if u total your car and its your fault

Go through your insurance company because you can get rid of it once you don't need it as opposed to paying interest on it for the life of the loan.

Oh this is good. Can't wait to watch after my work meeting. I bought GAP insurance from the dealer on a new car six years ago. Never had to use it. 2014 Honda Accord.

I love your tips Mike, thanks and great work

Buying gap insurance from a dealer can be more expensive if the cost of the coverage is bundled into your loan amount, which means you'd be paying interest on your gap coverage.

Mike you make a great teacher when it comes to buying insurance or a car

This was an awesome video. I’ve always wondered about GAP insurance.

Keep up the great work man. Love the vids

This is great info. Thanks CHEVYDUDE

Fun vido! Thank you so much guys. Ya'll helped me take a more clear decision on the used car am about to buy. :)

Here's something I found out also.. if your trade or sell that Gap insured vehicle early. The dealership will refund a portion of that policy when you show them bill of sale..

Wish I would’ve gotten gap on the car I wrecked two months later on 😅😅

your teaching me more than what i learn in school

I was told by my agent, that State Farm only offers it if they finance the car. I've only bought it once since I paid zero down on my 16 Mustang GT and financed everything. The car was totaled at a year old, but my insurance payout was $25 less than the payoff! Needless to say, I paid the extra $25 and collected the refund on the gap!

@ChevyDude

3 жыл бұрын

Yes that’s true. I called Every major insurance company 4 separate times to inquiry on gap. I decided to not get into details on stuff instead I gave the advice to what check on. 😉

Wow your really good at explaining this! 👍🏼👏🏼😁

I bought mine through the bank that did the financing. Assuming this is the same as the dealer option in a sense. But the dealer wanted 10 a month where as the bank was $500 and rolled into the loan. Plus as part of my banks gap in my totaled vehicle even though I didn’t use the gap they still provided $1,000 of with purchase of a mother vehicle if I used them to finance. Plus gave me a kicker of $500 towards the new loan. So all together gap paid $1,500 even though the car was totaled at more than the remainder of the loan. So in my case gap through the bank was the best option and cheapest option as $500 over a 60 term saved me $100 and had the most Bennifits.

hi Mike. nice vid. liked b4 watching b/c I knew it was going to be good

wow, thats a suprise!!! A car sales man saying you should buy gap coverage from a Dealership. Everyone knows that an Insurance company's GAP Coverage is way less expensive!

@presidential3228

2 жыл бұрын

and covers more too. this guy is nuts

Love the vids mike!

This is the reason not to lease a car. You always have to buy GAP insurance. If you buy a car, always put 20% down then you don't need GAP.

Subbed and liked, really good information.

Hey I went looking at cars and actually saw yours!

Thanks for the advice 👍

This is so helpful!!!

Well made video. Not sure about buying gap from a dealer. Normally at that phase of buying car I say no to everything. But that’s just me

Go Cubs! Great info and I'm happy to see we love the same baseball team

Hey Mike have a great day!

Hey Mike.. Great Topic..

I purchased a new car and my gap insurance was a one time payment of $300 through the lender and a one time $200 fee in the event I get laid off or fired. Both were voluntary options that I asked for. On my other car that I purchased earlier this year I had this coverage and they paid my loan for 6 months when I was laid off due to covid. I won on that. I paid $200 for that and they paid $1,200 in loan payments. I also used your tips and was able to get my new car under list and not pay any accessories fees. Total savings was about $5,000 on a 2020 model. Thanks again for all of your videos.

@rhysmartin6967

23 күн бұрын

Can you explain the GAP insurance stepping in during COVID a bit more?

It makes sense to get GAP coverage. I’ve seen too many of my friends total their car and owe the difference the cars current value and what they owe on it. One guy I know still pays for one car he totaled 2 years ago cause of it.

@presidential3228

2 жыл бұрын

yep never worth it unless u have the money to pay off that loan, but if u had the money for that loan then u coulda bought that car cash so yes, always get gap

@kingjon5818

2 жыл бұрын

Never get gap. It's a waste of money.

@presidential3228

2 жыл бұрын

@@kingjon5818 clown

@jordansheppard6643

Жыл бұрын

If u don’t overpay for ur car in the 1st place u won’t need it, the clown is u.

@Mrunknown711.

10 ай бұрын

Ok so I was literally just in a wreck car is totaled… I do have gasp so they won’t make me pay the rest of the not3 correct?

Hi Chevy dude great video

That dodge wasnt hit by a drunk driver he hit a curve while doing 🍩 lol

great video Mike good information always great seeing the wife in your videos

@ChevyDude

3 жыл бұрын

Thanks. We appreciate you. It’s been a fun year getting her involved more with the channel. I think it allows us to have some fun with everything too.

As Always...Great info!!! Also if someone buys a newly used vehicle from y’all can they get the same warranty as they would if they bought from that vehicles manufacturer ? And what all brand to y’all sell new?

Saw your chevy giveaway video on tiktok. Immediately following walking into the house from finding out my 96 k1500 has a burnt valve.

This was a very well made video

@BobThe9534

3 жыл бұрын

all his vids r well made

Thank you. I bought a new car last week and was pondering my decision to get Gap through the dealership God bless. 🙏

Putting in that work for that k1500!

I got GAP on my Escape and I bought it from my credit union for way cheaper than the dealer. I believe the dealer wanted 1400 for it my credit union wanted 499. So my suggestion is most likely check with your financial institution because they may have it a bit cheaper out of pocket.

I have always got gap from the dealer. Had to use gap twice. I did shop an ins company for gap the dealer has always been cheaper.

Some banks offer GAP as well for way less. Good video!

When I went to get my loan from the bank my bank asked me if I wanted gap insurance. The dealership I bought my car from never brought it up nor did my car insurance company.

Also, the duration of the gap coverage through your insurance may not be the term of the loan. Some stop after 2 years.

Made my bf get GAP, best decision because he got in a wreck that totaled his car like 6 months later and he didn’t have to pay anything !

@optimumhunger3255

2 жыл бұрын

Did he have full coverage?

@datoneguy-8294

2 жыл бұрын

@@optimumhunger3255 I have full coverage and gap. Just went through a wreck last week that most definitely will rule out my whip as totaled, shit was bad, but I’ll keep you posted on what happens cause I’m curious too. And what I wrecked was a 2019 Camry, and I barely had it for 2 months 😑

@optimumhunger3255

2 жыл бұрын

@@datoneguy-8294 Whats the verdict?

@Jackdman25

Жыл бұрын

@@datoneguy-8294 did you end up getting payouts from both GAP and insurance?

Simple rule which will help ensure you do not make a bad deal. Do not buy anything from the dealer F&I character at the time you buy the vehicle. One more rule. Do not take car buying advice from a car sales person. Talk about a conflict of interest.

been following you on tik tok FOR MONTHS

What is your advice about Ally Extended warranty when buying a C8? Thanks

This video is logical and insightful

We get our gap from our credit union, it’s way cheap and you 1000 towards a deductible. Plus there’s something about a 1 year newer replacement car

How about dealers don’t do this: (Don’t try to add things to the contract to Pad your wallet) When you’re about to sign the paperwork and after you’ve done the PPI (pre-purchase inspection) tell the sales person or the sales manager Respectfully but sternly that you’re willing to pay for the price of the car, tax and registration fee but not a penny extra for any other nonsense. And if it’s noticed on the paperwork you are ready willing and able to unwind the deal.

What about the 3rd scenario? Gap coverage through your lender (which may be your own bank or credit union where you hold your accounts). I personally have never purchased gap insurance due to having significant down payments, but that is another option.

@presidential3228

2 жыл бұрын

thats my scenerio rn, i put a very good downpayment for a car, but i would still owe around 17k. since its rebuilt even tho it was a super small accident, i cant get gap.

In NY the banks offer Gap. Chase,Ally and TD bank at no charge. All leases in NY include Gap at no charge. Other banks my dealer has offers Gap insurance starting at $165 and the most expensive one is $349. We can not mark up the insurance in Ny.

This is awesome

I have Gap insurance as part of my collision and liability insurance. About ten years ago my Mercedes S Class was stolen from my driveway. I bought the car from Mercedes Benz Financing. My insurance paid the MSRP value to Mercedes after thirty day waiting period. Mercedes cut me a cheque for the amount of principal I had paid out. I then went to Mercedes and bought a new two year newer model Mercedes. I would never refuse Gap insurance.

How do you report a pushy dealership? Spent 3 hours yesterday arguing about accessorial charges that I didn’t want to buy (tire nitrogen, tint warranty, stop blinker). Asked for deposit back multiple times and they said it’s not refundable.

Nice Chicago Cubs World Series Champions Poster

Did you hear about Chevy not warranty the new Corvette wheels when they break ?

Bro, I'm like 14k in negative equity because I got a Benz. Traded for a Lexus so that at least the value will hold a little bit better and got gap insurance to help protect me in the case of a total loss! I saw this video about 1 year ago and never thought I would need gap until now!

I just added it into my pre approval from my credit union for 350

Chevy on top 👑

Hey I have an odd question can you get out of a lease if you have a medical problem that you cannot drive the vehicle or get in it

Off subject, can you explain the whole 6 months no payments? Is it a scam or is there a way to use it to benefit me?

The GAP BAND has awesome insurance.

I included GAP liability waiver to my loan contract with Westlake finance. So does it mean that the GAP will be fully covered? I was said by a manager of insurance company that they usually cover 25% of a gap

What about getting it from the credit union I’m looking to use to finance the car? They offered it when I came in to pre qualify.

Have you covered trading in two cars? Think of getting a new truck and I have two vehicles wanting trade. Is it worth it?

I purchase gap insurance from my credit union. The credit union already has the loan, it is better for them to be covered for the remaining balance.

I have had dealers tell me that the finance company says I have to buy gap to make the deal. Ever come across that when selling or dealer just full of it?

@RelaxAndSmokeMeth

3 жыл бұрын

0:46

Iv watched your videos when i was in the market for a truck and they helped alot not to get punked into deals i didnt want to make. I recently went to a chevy dealer for a 2017 truck. They were nice and straight to the point for the out the door price. I got a copy of the paper they had all the fees and taxes. For the doc fee there charging ($800) which i know i shouldnt pay for but they also added a (taxable fee) with the word “estimated” next to it for ($101.45) and other charge (OCP used) with the word “optional” in Parentheses for ($299.95) if you can please help on what these extra charges are and what they mean that would be a great help b4 i go into the office and start Negotiating.

Dealers get a lot of money on GAP and extended Warranties, he is not talking about you having to pay extra to line the dealer's pocket. Get gap from a your credit union.

Hey man, my parents really need a car, our car has recently broken down and my parents don’t have enough money for another one Me and my family would really appreciate the truck you said on tik tok

Came for the truck giveaway 😉

What about getting your Gap coverage from the Bank your financing with ?

So if it's listed as negative equity in my contract vs hidden in other fees? Then that means they won't cover it right? In the event of a total loss I mean.

Does the insurance company cover the Gap if the insured is deemed "not at Fault"? Also you would be giving one insurance company a monopoly over the vehicle, meaning they would have to pay both claims, and they may not want to pay both claims and your vehicle should have been totaled and it wasn't....

Your bank or credit union can do it as well.

So glad I got GAP for my Lexus. Totaled from hail only 7 months after purchase. It's great but Toyota has been such a hassle to work with trying to get it taken care of. Vehicle was totalled in July and we have STILL been making payments on the car.

@presidential3228

2 жыл бұрын

wtf

So if I put the 20%down do I still need Gap?

I just got a car for 30000 including the taxes, I put down 6000 but got the gap insurance plus all the extended protection plans coming out to the total of the 6000 I put down I was reading the protection plans and everything and says I have 30 days to cancel and get a full refund would it be a good idea to cancel everything or should I keep it as is.

I purchased gap on a new car. It was now charged off but I still have possession of the vehicle. The bank gave me a settlement deal and now it is paid off. Should I claim a refund from my gap insurance?

What happens when you have Gap insurance but pay the vehicle off before the term? I was informed that you get a gap refund check, which I did but I don’t understand why the amount was so low that was returned. I originally asked for a payment of no more than $500 a month they asked me to add gap insurance I said ok this made my payment $740. But the gap insurance contract was $995 with a 75 month term. When I paid the car off it still had 57 months on it. The rate of that is around $13.777 , I got a check for $759 refunded from Gap cancellation. My questions is should my refund check be more since my payment was so high?

Chevy Dude! Today I looked at a few used trucks and I came across a beautiful Certified Pre-Owned Vehicle. The dealer added a whopping $2,495 to the sale price when we sat down to discuss the price sheet. It was listed as Cert./Recon Fee and they explained it was to "ensure I was guaranteed the benefits of a Certified vehicle" and taking the $2,495 off of the total price would "uncertify" it. Have you ever heard/seen this fee and should it be expected when looking at Certified vehicles?

@DramaVII

2 жыл бұрын

Never seen that before and I’ve bought multiple certified pre-owned vehicles (this is is texas)

@presidential3228

2 жыл бұрын

no they r trying to scam y

Hey man I saw your tick tok about that beautiful obs and your giving it away I think it would be awesome for my girlfriends dad he’s been struggling with his health lately and just had a double bypass surgery a couple days ago and he’s coming home from the Hospital tomorrow he has a 92 Chevy and he has to get a whole new engine for it because it went on him awhile ago I just think it would make his year if he won it! Well when you hit 500k keep him in mind please: )

used car dealer charges the whole amount on your loan and then you're paying interest on that whole amount. case in point, helped nephew get used car loan, has bad credit, being charged 22.99 % interest. every place he went . same interest because of his credit. dealer was showing $1700. add on for gap insurance and then you're paying that high interest on that whole amount for the length of loan on 12 year old vehicle, said take it off, he'll get it from insurance company. can you imagine how much further he would be underwater on that car with their gap insurance, nothing but a money maker for the dealership!

@ChevyDude

2 жыл бұрын

Yeah that’s crazy high for gap. Definitely make sure has gap coverage.

If buy from the dealership it takes forever to get your car replaced. I lost my brand new 2016 Avalon and it took me a year to get another car. When I bought another car I bought my gap from my insurance company. They have all your car's information so it will get replaced faster. They don't have to haggle with the second party over who has what information and who should pay what.

Is collateral damage insurance the same as gap?

I have a C6 base with 38,700. No dents all original and interior looks new. Trying to sell it to buy a C8. Any tips?

I am planning buying a 2018 mazda 3 GT with 28000km( $16980) . But it had accident at rear left side. Which coast $6000+, and another accident is un known which also coasted $8000+. It still have 2 year warrant left that gonna cover engine and transmission. Is it a good deal or not ?....plse give me advise ? Thnks

Solid video! If we want to split hairs and get into F&I technicals fun, GAP is actually a waiver 🤗 not ‘insurance’ but it functions very similar so I find myself calling it insurance too. Another fun fact, once you’re no longer upside down on your vehicle you can cancel your GAP and get some money back!

APPI Gap insurance is not a good company. They drag their feet in processing your claim. In the end. They do not fulfill their end in paying off the remainder of the loan. I ended up using the settlement from the at fault insurance to pay off the remainder loan of my totaled vehicle. Settlement was just over $1000. Accident was not my fault. Lost my car. End up with no compensation and now I have a higher car note. It was a horrible experience!

So if you put down 20% or more on your down payment, don’t get GAP?

I had gap insurance on one of my cars and it was totaled. The title was first class mailed and the USPS lost it, but would have been there in time to make the monthly payment. I had to order another title and overnight it and it got there one day late to the insurance to pay it off. Gap only covered $100 of the $1000 left because of it, so there are stipulations to being able to use it. We just bought a 2017 Ford Explorer for $20,000 ($22,000 with their fees). We needed a vehicle bad, and it really stinks to owe so much on a used car, but they let us do gap.

I bout an 11 year old car with $9 k down and the loan is about $14 K, including extended warranty and fees. The car is supposedly now worth $10K 2 weeks after buying it. 😢. Do I need gap insurance?

In other words, never put money down on a car and buy gap insurance. The money you put down on a vehicle is immediately gone once you drive it off the lot. Also, gap insurance is great for about the first 2 to 3 years of owning the vehicle. After that, your vehicle worth should match up with what you owe unless you were an idiot and bought a vehicle way over MSRP

I paid 4500 for gap on a 35 thousand dollar load. Is that too much? I have new license, new credit.

My mom's friend bought her son a brand new car. She did not purchase gap and a tire flew of the back of a truck and totalled the car. She was out thousands of dollars 😬