Hi, in the midst of working with Alliant on loan. We are going to be financing around $65-70K of the loan (to keep payments around $1K/monthly). This means, we'll pay cash of around $30K. In this situation, will GAP insurance be needed? My understanding is that GAP insurance pays the difference between amount owed on car and the book value of the car. However, we'll have very positive equity on the car from the get-go. It doesn't seem like it would be needed, unless we just put down something like 10% (instead of the about 25-30% we are putting down). Thoughts?