Should you buy GAP?
The F&I office sells GAP at 3-5× what credit unions charge. Plug in the numbers — we’ll tell you the cheapest way to cover the actual risk.
Your loan
Dealer's GAP quote ($)
Amount financed ($)
Term (months)
APR (%)
Down payment (%)
Vehicle MSRP ($)
Years you'll keep it
Recommendation
credit union
Modest underwater window (~0 months). If you want GAP at all, $350 from a credit union is rational. Skip the dealer.
💰 You’d save $695 vs the dealer quote.
Underwater risk
low
Months underwater (est.)
0 mo
Skip GAP
+ Save $995 upfront · Most buyers go full term without ever totaling
− Low total-loss risk on this loan structure
Dealer F&I GAP
· +$17/mo · $1,219 total
+ One-stop, signs at the desk, rolls into the loan
− $995 is 3× what credit unions charge · You pay 7.50% APR on the GAP cost itself — interest on insurance is dumb math
Credit-union GAP
$350 upfront · $350 total
+ ~$350 flat (vs $995 dealer) · Buy after the dealer signing, no F&I pressure · Your local CU may bundle with auto loan refinance later
− You buy it separately — small extra step
Auto-insurance GAP rider
· +$5/mo · $300 total
+ ~$60/yr added to your existing policy (~$300 over 5.0 years) · Cancel anytime — pay only while you're underwater · Already on your existing insurance — no new vendor
− Not all carriers offer it — call yours to confirm
Skip the F&I trap entirely
GoFetch buyer reps walk you through every F&I product before signing — paint protection, GAP, VSC, you name it. We tell you what to skip and what’s actually worth it.
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