article thumbnail

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. Before finalizing a car deal, buyers should research their state’s laws regarding these fees to ensure they are being charged a fair amount.

Finance 40
article thumbnail

Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.

Term 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

Carscoops

Had the original poster signed up for the deal with $2,000 down and the dealer-offered financing they’d end up paying over $26,000 for a car that is currently listed online for $12,995. “When submitting my application online, the out the door number was $32,207 with GAP. “Buyers beware.

Addendum 117
article thumbnail

Mastering the many faces of F&I

Canadian Auto Dealer

To confidently present finance and insurance products, business managers must be well-versed in the intricacies of extended warranties, GAP insurance and more. They are tasked with finding the balance between securing the best financing terms for the dealership while ensuring that customers continue to be happy with their deal.

article thumbnail

10 Ways to Unleash the Potential of Your Dealership’s F&I Department

Autosoft

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Optimize Product Offerings A crucial aspect of F&I’s success involves offering a diverse array of products tailored to meet customers’ varying needs.

article thumbnail

Unleashing the Potential of Your Dealership’s F&I Department

Autosoft

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Optimize Product Offerings A crucial aspect of F&I’s success involves offering a diverse array of products tailored to meet customers’ varying needs.

article thumbnail

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.”

Insurance 130