Shawn Ryder

JANUARY 17, 2025

One of the critical aspects of vehicle coverage is GAP insurance. GAP insurance, which stands for Guaranteed Asset Protection, plays a significant role in the event of a total loss of your vehicle. What is GAP Insurance? Why Consider GAP Insurance When Buying a New Vehicle?

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Shawn Ryder

JANUARY 17, 2025

.” This situation can transpire when you owe more on your car loan than your vehicle is worth, which often becomes a concern for car owners and potential buyers alike. These losses can sometimes outpace the rate at which car owners pay down their loan balances. Should You Use Your Down Payment to Cover Negative Equity?

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Shawn Ryder

FEBRUARY 14, 2024

If you’re still paying off a vehicle loan, there’s a chance that the insurance payout might not cover the full amount you owe. This is where Guaranteed Asset Protection (GAP) insurance comes into play, providing crucial financial coverage to bridge this gap. What Is GAP Insurance?

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Carscoops

OCTOBER 15, 2024

However, that low price comes with a catch: it requires a hefty down payment (which we don’t recommend—more on that below), bringing the real monthly cost closer to $238. Prospective buyers should keep in mind that putting cash down on a lease is generally not advisable.

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Carscoops

MAY 26, 2024

Toyota Corolla Buyer Teaches Us How To Beat Dealer Markups A Redditor posted a photo of the paperwork they claim is from the dealer for the Sonata in question. Buyer beware,” says one. “When submitting my application online, the out the door number was $32,207 with GAP. “Buyers beware.

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Shawn Ryder

FEBRUARY 7, 2024

The F&I manager will also offer additional products such as extended warranties and GAP insurance. Knowing this price can give buyers leverage during negotiations. Upside Down When you owe more on your vehicle loan than the car is currently worth. It’s often used as a starting point for negotiations.

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Shawn Ryder

JANUARY 17, 2025

Advantages of Leasing a Vehicle Leasing comes with several perks that can be attractive to potential car buyers: 1. Stability in Payments: After the loan is paid off, you are left with no more monthly payments, which can enhance your financial freedom.

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