Carscoops

JUNE 8, 2024

A man in Arizona says that his gap insurance denied his claim due to a 60-cent clerical error during the initial purchase. That’s where gap insurance comes in. Gap insurance acts as a financial safety net. That’s where the gap insurance was supposed to come in and cover the rest.

Gap Insurance 118

Gap Insurance Insurance Down Payment Finance 118

Shawn Ryder

FEBRUARY 14, 2024

If you’re still paying off a vehicle loan, there’s a chance that the insurance payout might not cover the full amount you owe. This is where Guaranteed Asset Protection (GAP) insurance comes into play, providing crucial financial coverage to bridge this gap. What Is GAP Insurance?

Gap Insurance 52

Gap Insurance Insurance Finance Down Payment 52

Car Examer

NOVEMBER 2, 2024

While it’s a helpful starting point, keep in mind you can often negotiate below this, as dealerships sometimes have offers or discounts that can bring down the cost. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage. It’s often called the balloon payment.

Balloon Payment 59

Balloon Payment Term Dealerships Mileage Limit 59

Shawn Ryder

FEBRUARY 7, 2024

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance.

Term 40

Term Gap Insurance Dealerships Extended Warranty 40

Carscoops

MAY 26, 2024

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. They break down quite a few of the tactics and explain some of what we see here. Remember that person claiming to be a former employee ?

Addendum 119

Addendum Finance Pre-Qualify Gap Insurance 119