Deal Gap Insurance Term 
Shawn Ryder
JANUARY 25, 2025
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.
Car Examer
NOVEMBER 2, 2024
Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. Residual Value Residual value is the estimated worth of a car at the end of a lease or PCP term.
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Shawn Ryder
FEBRUARY 7, 2024
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. The F&I manager will also offer additional products such as extended warranties and GAP insurance.
Shawn Ryder
JANUARY 17, 2025
When purchasing a new vehicle, it’s not uncommon to come across the term “negative equity.” Long Loan Terms: Extended loan periods often lead to slower paydown against the principal, increasing the chances that you’ll owe more than the vehicle is worth. This may lead to more favorable terms.
AutoSuccessOnline
NOVEMBER 1, 2024
The CFPB has been intensifying its efforts to combat what it terms “junk fees” across various financial products and services, including those in the automotive industry. In the automotive sector, this scrutiny has extended to GAP insurance and various aftermarket products.
Motor Trader
OCTOBER 14, 2024
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
Shawn Ryder
MARCH 12, 2024
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.
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