Shawn Ryder

JANUARY 17, 2025

One of the critical aspects of vehicle coverage is GAP insurance. GAP insurance, which stands for Guaranteed Asset Protection, plays a significant role in the event of a total loss of your vehicle. What is GAP Insurance? Why Consider GAP Insurance When Buying a New Vehicle?

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Gap Insurance Insurance Down Payment Finance 52

Shawn Ryder

JANUARY 17, 2025

If you’re considering whether to apply your down payment toward covering negative equity or if you should use it for a newer vehicle, it’s essential to understand the implications of each choice. These losses can sometimes outpace the rate at which car owners pay down their loan balances.

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Down Payment Gap Insurance Fair Market Value Insurance 52

Car Examer

NOVEMBER 2, 2024

Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. When you’re buying a car, especially for the first time, the terminology used at UK car dealerships can feel overwhelming. Book inspection 1. PCP (Personal Contract Purchase) PCP is a popular way to finance a car in the UK.

Balloon Payment 59

Balloon Payment Term Mileage Limit Gap Insurance 59

Shawn Ryder

JANUARY 18, 2025

Understanding the interplay between leasing and gap coverage is crucial to preventing potential financial setbacks in the unfortunate event of a total loss. This is where gap insurance comes into play. It covers the difference, or gap, between what you owe on your lease and what the insurance payout is.

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Gap Insurance Insurance Lease Payment Lessee 52

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. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.

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Gap Insurance Term Extended Warranty Insurance 40

Shawn Ryder

JANUARY 17, 2025

Cash Purchase If you decide to go through with your cash purchase, weigh the pros and cons: Benefits of Cash Purchase: Paying in cash eliminates debt and monthly payments, simplifying your financial obligations. For more strategies on financing options, see our resource on using a credit union and negotiating with car dealerships.

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Prepayment Penalties Gap Insurance Banking Down Payment 52