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.

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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?

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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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Shawn Ryder

JANUARY 17, 2025

If youve filled out a credit application thinking about financing but later decided to purchase the vehicle with cash, you may wonder whether youve made a mistake. Common Situations for Prepayment Penalties: They are more frequently seen in mortgages or personal loans but can occasionally affect automobile financing.

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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 ?

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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.

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