Lo Jack?

[speed858]

I was considering getting lo jack installed and it would only be $15 a month. Do any of you have lo jack installed or should I even be worried about someone stealing our cars. How good of an alarm system comes from the factory? My alarm system on my last car was a viper 690xv responder alarm that had an ignition cut off. If all our alarms do is just make noise then should I invest in the lo jack?

Thanks

 

[bbychvz]

I wouldn't...but you did get the GAP when you bought the car right?

 

[speed858]

I haven't bought the car yet but is GAP worth investing in? It's available through my insurance company.

 

[MS3077]

GAP" insurance is only offered by the dealer I believe. Basically what it does is cover what the insurance doesn't if your car is totaled. See your insurance company will only give your "market value" for you car in the event that it is totaled or deemed lost, etc. So what happens is if you bought your car for 25k your insurance company may only give you like 17k for it because that's is the "Market Value" for a vehicle in it's condition with X amount of miles. "GAP" would cover the remaining 7k that your insurance didn't cover so that you can get a brand new 25k car again.

Is it worth it? HELL YEAH!

I'm I right?

 

[mikeski]

yes, GAP ins. is worth it, just in case God forbid something happened.

 

[speed858]

Apparantly carmax doesn't offer gap ins. so none for me

 

[mikeski]

Apparantly carmax doesn't offer gap ins. so none for me

that sucks, but with the alarm that you have, I think its just piece of mind to purchase it. anything can happen but me personally, i wouldn't.

 

[2.0t03speed]

if you plan on heavily modifing the car i would. im actually thinking about getting it for my msp if i dont get a aftermarket steering wheel w/ a quick release hub

 

[speed858]

So I went without the lo-jack. I figured our cars have pretty advanced circuitry plus that engine immobilizer so the common theft won't even touch it.

 

[Super Unique]

often the finance company or bank will offer gap insurance. call them and ask about adding it before you close on the deal.

 

[speed858]

The bank that prequalified me didn't have gap insurance. Apparantly carmax isn't partnered with this option.

 

[smakdown61]

GAP insurance is only necessary if you didn't put down alot of money up front. For example, lets say you bought your ms3 for 25k and put down like 2k. That means you are taking out a loan for 23k. Well, 20 days into getting your car you total it and the insurance company values it at 19k. 23k-19k equals 4k you still owe your bank. In that case GAP is worth. If you're like me and put down a rather large down payment (8k in my case), and total your car the insurance amount of 19k would be enough to pay back your bank. Granted, you'd lose about 6k worth total but at least the car would be paid off.

 

[dcphantom]

Make your own

http://www.opengpstracker.org/

If you can solder, you can make your own