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. Standard car insurance, like collision and comprehensive coverage, will pay you the car’s current market value if it’s totaled in an accident or stolen. That’s where gap insurance comes in.

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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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Gap Insurance Insurance Finance Down Payment 52

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. This is also known as being “underwater” on your loan.

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Term Gap Insurance Dealerships Extended Warranty 40

Carscoops

MAY 26, 2024

. “When submitting my application online, the out the door number was $32,207 with GAP. With a $2,500 down payment, I was only planning on financing $29,707. However, when I got the buyers order, the out the door number was $34,488.80, without GAP insurance.

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Addendum Finance Gap Insurance Pre-Qualify 117