oH YEAH! We finally picked up my wifey's MINI COOPER last friday. So far, we have driven it for 124 miles, I just noticed that the car is a little bit shaky at first (I dunno why) but other than everything is perfect.

Quick question though, I did buy the extended maint options for $700 and the GAP Insurance option for $500. Now here's the question, is that $500 GAP INSURANCE a waste of money? I financed half of the vehicle through a second party finance firm and the other half with cash, my insurance company offers the GAP insurance as well but I think what BMWNA offered was ok for my wife. Any thoughts?


Mahalo!

RM

 

http://www.gapinsurance.com
option 2

 

Welcome to NAM. My advice, don't woory about it, you have the MINI, should misfortune come your way you're protected otherwise enjoy motoring. lets see some pics and hear more about the MINI

 

Anyways, I bought it but I think I have 60 days to cancel it. The reason why I had to ask is to make sure that its worth paying it through the dealership or through my car insurance.

I uploaded pictures. My mini is really happy, I have 3 other cars, a nissan xterra, 200sx and a e46 bimmer with acs and uuc gear.

 

I hope you enjoy yours as much as I do mine. :thumbsup:

 

I can certainly understand your WOOOHOOO....well said!! Three years on and I still get a kick every time I get to go somewhere in my MINI.

 

It's cool that people can still get excited about getting a MINI, nearly four years down the line. Restores one's faith in humanity, and all that. Motor on.

 

well i would say if you only financed half that gap insurance isnt nessecary, you shouldnt ever be upside down on that loan....

and Congrats!

 

Welcome to NAM, RMMINICOOPER! Happy motoring in your new MINI and be sure to check out all the forums.

 

Congrats on the MINI!!! But I would ditch the GAP insurance since your car will never be worth less than you owe.

 

Hello everyone.

I just added our 06 Mini Cooper in the member gallery. Great day everyone

 

NEVER! GAP is one of the smartest things you can do for your sanity...let me explain: I owed almost $12,000 on Miss Kitty (my 1st. MINI) and along comes Hurricane Wilma. EVERYBODY'S vehicle got swamped. I was lucky; the Blue Book on the car was more than what I owed and the insurance took care of me no problems. BUT there ware so many people who owed more on their vehicles than they were worth (they were "upside down" on the loan.) With GAP insurance, it pays the difference. For example: If you owed $20,000 and the Blue Book is $15,000, GAP will pay the $5,000 difference so you don't get stuck making payments on a new car and the junked car. But do the math: If you bought a car for $22,000 and put half down, there is "no way" you could ever be "upside down" on the loan, and in this case, GAP insurance might be unnecessary because you won't risk owing more than the car is worth in case of an unfortunate event. So, the question to ask would be, "How much is your car's Blue Book value compared to what you still owe?" If you answered that you owe more than the blue book lists, GAP would be an option to consider. Once you do that, you will be able to motor on with peace of mind and worry about other things, like parking away from wires with pigeons on them. ...as for me? I bought another MINI, named Ducky, and in the first two days, we put almost 5oo miles on the road. Flora Blue

 

So, you're hoping Ducky will float in case of another hurricane

Earl

 

...sorry, not even the VWs pulled that one off...but when I ordered Ducky, I told the dealer I wanted those huge mud-sucking monster truck tires on it with spinner rims...after a moment of silence, he finally asked me if I was serious. HA! I wish. Flora Blue

 

sorry to hear that..atleast you guys were safe.

 

I think we decided to keep it. I just did not want to go back there since the Finance manager might ask me to do some add ons ...he was like this...oh by the way, if you change your mind, we have financing offers for 66 months @ 5.76 - dang.