Car Examer

NOVEMBER 2, 2024

Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program. For example, if there’s a £1,000 deposit contribution, that amount goes toward your down payment, reducing what you need to put down yourself.

Balloon Payment 59

Balloon Payment Term Mileage Limit Gap Insurance 59

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.

Down Payment 52

Down Payment Gap Insurance Fair Market Value Insurance 52

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. Benefits of Leasing Lower Monthly Payments: Because you’re only paying for the vehicle’s depreciation, lease payments can be significantly lower than loan payments.

Gap Insurance 52

Gap Insurance Insurance Lease Payment Lessee 52

Shawn Ryder

FEBRUARY 7, 2024

The F&I manager will also offer additional products such as extended warranties and GAP insurance. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for. Invoice Price The price the dealership pays to the manufacturer for the vehicle.

Gap Insurance 40

Gap Insurance Term Extended Warranty Insurance 40