Customer Finance Gap Insurance 
Motor Trader
APRIL 2, 2024
The Financial Conduct Authority is looking at historical arrangements for motor finance commission while taking a separate look at the GAP insurance market. This story continues at MT spotlight on motor finance Or just read more coverage at Motor Trader In 2021, the FCA banned. In 2021, the FCA banned.
Motor Trader
AUGUST 22, 2024
The FCA has renewed its call for Gap providers to ensure they demonstrate “fair value and good customer” outcomes In February, the FCA agreed a pause in the sale of guaranteed asset protection (GAP) insurance with a number of firms, following concerns the products were not offering fair value.
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AutoSuccessOnline
SEPTEMBER 6, 2024
Let’s explore the factors driving inflation in the automotive market and discuss strategies for dealers to support their customers through these difficult economic conditions. Higher rates lead to increased monthly payments, making vehicle financing more challenging. Interest Rates : Interest rates for auto loans have risen sharply.
Shawn Ryder
FEBRUARY 7, 2024
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.
Canadian Auto Dealer
MARCH 1, 2024
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. Similarly, the advanced technology and higher cost of EVs creates greater opportunity for products like GAP protection.
Canadian Auto Dealer
MARCH 30, 2024
The best F&I managers have a unique set of skills: business focused yet super customer focused A day in the life of a business manager, much like the iconic Beatles song, is often like a pendulum swinging between different personalities. They need to convey the benefits of products in a way that resonates with customers.
Carscoops
MAY 26, 2024
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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