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Understanding GAP Insurance: Your Safety Net in Vehicle Financing

Shawn Ryder

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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The Anatomy of a Car Deal – Fees, Financing, and Fine Print

Shawn Ryder

Understanding the various fees, financing options, and scrutinizing the fine print can make a significant difference in the outcome of a car deal. Understanding Dealer Fees Delivery and Destination Fees On top of the sticker price of a vehicle, buyers may encounter additional costs known as delivery and destination fees.

Finance 40
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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance. Doc fees vary by state and dealership.

Term 40
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F&I offices will have to adapt to EVs

Canadian Auto Dealer

EVs typically come with price tags that are thousands of dollars more than traditional vehicles, and this price increase could translate into more opportunity to pick up lender finance reserves. The reduced battery performance in colder temperatures can affect vehicle range and efficiency, influencing buyer decisions.

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Hyundai Dealer Bait And Switch Sees Sonata Price Go From $13k To $21k

Carscoops

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. Registration fees, any finance charges, any dealer documentation fees, any emissions testing fees and government fees are not included in quoted price. “Buyers beware.

Addendum 117
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Overselling can hurt F&I sales

Canadian Auto Dealer

Overwhelm your customers and they buy less A December 2023 white paper by CDK Global sheds light on some evolving dynamics in automotive, particularly in the world of Finance and Insurance (F&I departments). Additionally, the white paper highlights how buyers perceive their interactions with business managers.

Sales 52
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Content Marketing Strategies for Lead Generation in Car Dealerships: Boost Sales Online

Turbo Marketing Solutions

But here's where people often get it wrong; it isn't just about creating any content, but delivering the right kind of content that resonates with potential car buyers. Blogs and Articles Potential car buyers often search online for tips and information about the car-buying process.