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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 can always call your insurance agent when you leave to get a quote.

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

AutoSuccessOnline

It’s notable, for example, that consumer complaints about managing an auto loan or lease in 2023 spiked by 77% and that CFPB supervisory highlights have recently focused on end-of-loan problems, such as GAP refunds and failing to automatically debit final payments. These complaints offer a valuable form of compliance intelligence.

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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

Discounts and Incentives: Research current discounts, manufacturer incentives, or financing deals that can enhance your purchase and potentially reduce the impact of negative equity. Understand Your Range: Knowing exactly what you can afford while managing your current equity can streamline your decision-making process.

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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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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.

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Mastering the many faces of F&I

Canadian Auto Dealer

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. Sales skills are at the heart of an F&I manager’s toolkit.

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

Autosoft

Invest in Your Team Recognize the pivotal role of your F&I managers as frontline representatives of your dealership. By empowering your F&I managers with the necessary skills and knowledge, you can ensure they are well-equipped to deliver exceptional service and drive success for your dealership.