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When you DO or DON’T need Gap Insurance💰🚙

Your Car Buying Advocate

Gap insurance can be a smart option to consider when buying a car. This insurance helps pay off what you still owe if your car gets totaled, and the payout from the insurance doesn’t cover the full loan amount. You don’t need to buy it in the finance office if you’re unsure if you need it.

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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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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage. PCP (Personal Contract Purchase) PCP is a popular way to finance a car in the UK. Book inspection 1.

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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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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.

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Dealers' margins squeezed by EV shift, greater consumer protection

Autocar

The lower-margin business of new car sales has traditionally been supplemented by aftersales, finance and insurance Dealers are facing a profit-margin squeeze from the double whammy of the transition to EVs threatening their lucrative aftersales business and a legal clampdown curtailing profitable commissions for selling finance and insurance (F&I).

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Bargain or burden? The truth about buying a Fisker Ocean

Autocar

A drop in the Ocean A PCP is the safest way to finance an Ocean, given that it guarantees a vehicle’s future value. Patel is financing his car on a PCP so feels he’s in a better position than those who bought their cars outright. We continue to monitor the situation.” Now he is wondering if that might be the last.

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