Absolutely! for the money of a new Maverick and rates as low as they are you cant beat it. His Maverick hybrid XL will be more affordable than buying any used truck once you take the mileage into consideration.
Wow, lots of responses while I was away from my computer. Thank you!
After reading through I think the best thing for him would be to either get the GAP or put more money down, so we will be weighing his options.
Thanks again for all the responses.
With rates as low as they are I recommended to him to put the least amount down to get into a comfortable payment. He is 21 years old and has been driving his Jeep that we paid cash for, for the past 6 years. Unfortunately he wants to keep the Jeep for the weekends so your reasoning about...
What's everyone's feelings about gap insurance? My son's Maverick is due into the dealership any day and he is financing and planning to only put $1000 down. I know that the dealership will try and talk him into it and I just want to make sure he makes the right decision.