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Signing a new contract after cancelling gap insurance?

Shawn Ryder

In particular, what happens when you decide to cancel your GAP insurance and sign a new contract? Understanding GAP Insurance Guaranteed Asset Protection (GAP) insurance is designed to cover the difference between what you owe on a vehicle and its actual cash value in the event of a total loss.

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Leasing A VW ID.4 For $190 May Make You Rethink That Tesla Model Y

Carscoops

This leasing deal is available throughout the US and valid until March 3. New financing deals could help buyers save over $12,000 on a higher-spec ID.4. It’s becoming harder and harder to resist leasing a new EV in the US, thanks to a growing number of competitive deals offered by automakers. For example, the ID.4

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Dealers' margins squeezed by EV shift, greater consumer protection

Autocar

Many dealers now bundle EV servicing into a package deal with monthly payments. Sometimes other elements are bundled in to make the deal look appealing, for example AA membership from MG. However, customers are starting to ask exactly what they’re getting for their money. “I

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Bargain or burden? The truth about buying a Fisker Ocean

Autocar

Assuming a provider would consider it, taking out GAP insurance to cover any shortfall between what an insurer is prepared to pay for an Ocean in the event that it is written off – highly likely in the circumstances – and what it cost would seem sensible. We continue to monitor the situation.”

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

Carscoops

The website explicitly says “No Dealer Add Ons Ever” Some car dealers will say anything, even stretching the truth, to get customers in the door. ” The dealer appears to be trying to sell that upgrade instead of offering it and letting the customer decide. The additional costs largely come from junk fees.

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Select Car Leasing partners with MotorEasy

Motor Trader

Mark Tongue, Joint CEO and Founder of Select Car Leasing, said: “The collaboration provides additional peace of mind to Select’s extensive database of customers and also introduces MotorEasy’s membership of more than one million car owners to some of the most competitive lease deals on the market. Alloy Insurance begins at £6.50

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Based on CFPB Documented Consumer Complaints, Are Junk Fees Really in the Spotlight?

AutoSuccessOnline

This initiative has significant implications for Guaranteed Asset Protection (GAP) insurance and other aftermarket products commonly sold alongside vehicle purchases. In the automotive sector, this scrutiny has extended to GAP insurance and various aftermarket products.