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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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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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Is GAP insurance required for a new 2025 Honda HRV?

Shawn Ryder

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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Is GAP Insurance Worth It? Understanding Coverage for Your Vehicle’s Value and Loan Amount

Shawn Ryder

What is GAP Insurance? If you’re thinking about buying a car, you may have come across the term “GAP Insurance” But what exactly is it? This is where GAP Insurance comes in. GAP stands for Guaranteed Asset Protection. Why Do You Need GAP Insurance?

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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccessOnline

Guaranteed Asset Protection (GAP) Insurance : GAP insurance is essential in an inflationary environment. It covers the difference between the vehicle’s actual cash value and the remaining loan balance in case of total loss, protecting consumers from financial gaps due to fluctuating vehicle values.

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Is Your F&I Product Lineup Balanced & Diversified?

AutoSuccessOnline

Or Are You Aligning Your Dealership Too Closely with EVs? What’s happening in the EV category is a great reminder of the need to diversify your F&I product offerings at the dealership. However, this shift also brings new considerations for dealerships, particularly in the F&I space. EV sales have slowed in the U.S.

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Guide to the Common Dealership Terms When Buying A Car

Car Examer

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. It’s calculated based on the car’s estimated value at the end of the agreement.