My house doubled in value so that’s a bad example. My 2003 Cavalier has kept its value over the last year. I can sell it for what I paid for it.
That is because as long as your 10 year old car still runs/drives it really has no more value to give up. is it worth more than it cost new? Of course not.
I did qualify the house statement.
Gap insurance is not for a 10 year old car. it’s for a new car with a note. If you have a loan out on a 10 year old cavalier... well.. I have a 2000 model year one I can sell ya.