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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Dealerships may also offer extended warranties if you want added peace of mind for a longer period, especially if you plan to keep the car long-term. Gap Insurance Gap insurance covers the “gap” between your car’s insurance payout and the remaining loan balance if your car is written off or stolen.

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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

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.

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Auto Insurance: Deal Killer or Deal Maker?

AutoSuccessOnline

When dealerships integrate insurance discussions early and effectively, they create opportunities to sell extended warranties, GAP insurance and other high-margin products driving higher overall F&I gross. Loyalty, Loyalty, Loyalty Loyalty makes or breaks your dealership.

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Mastering the many faces of F&I

Canadian Auto Dealer

To confidently present finance and insurance products, business managers must be well-versed in the intricacies of extended warranties, GAP insurance and more. They’re the gears that keep the F&I machinery humming smoothly. Product knowledge is power here. But it doesn’t stop there.

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F&I offices will have to adapt to EVs

Canadian Auto Dealer

F&I offices are going to need options that cater to these unique challenges, such as extended warranties that cover battery performance. Similarly, the advanced technology and higher cost of EVs creates greater opportunity for products like GAP protection.

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10 Ways to Unleash the Potential of Your Dealership’s F&I Department

Autosoft

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Optimize Product Offerings A crucial aspect of F&I’s success involves offering a diverse array of products tailored to meet customers’ varying needs.

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Unleashing the Potential of Your Dealership’s F&I Department

Autosoft

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Optimize Product Offerings A crucial aspect of F&I’s success involves offering a diverse array of products tailored to meet customers’ varying needs.