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They're a small company. If they had $100 million in bonds, I'd feel better about their position. They have about $30 million in bonds, and $5+ million in cash.
So based on the financial documents, they appear to be legitimate. I'd see what A.M. Best says about the company's financial stability. You can get the information for free if you register.
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What I'm basically asking is, "Did the 3000 down help to offset enough of the gap?"
Thanks again.
But, let's say it's $3000. Would you pay $900 to insure against a $3000 loss?
This is one (of many) reasons that I've never leased a Toyota. Virtually every other captive finance company includes GAP on their leases.
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