Yes that's correct.I opted against light stream due to GAP insurance. It appears that you're unable, with an unsecured loan, able to obtain legitimate GAP insurance. Please, anyone, correct me if I'm wrong. This was a deal breaker to me given the loss in value for a brand new car. My GAP insurance through my provider is 10 bucks every 6 months.
Depends on the amount/percentage you finance whether GAP can be skipped.