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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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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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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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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.

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The Anatomy of a Car Deal – Fees, Financing, and Fine Print

Shawn Ryder

These additional products can include extended warranties, maintenance plans, GAP insurance, and more. Service Contracts and Add-Ons Coverage for service contracts and add-ons is another crucial aspect of the fine print that car buyers should pay close attention to.

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Content Marketing Strategies for Lead Generation in Car Dealerships: Boost Sales Online

Turbo Marketing Solutions

Furthermore, addressing common questions such as the benefits of extended warranties or gap insurance through informative content can empower potential buyers to make well-informed decisions while building trust in your dealership's expertise.