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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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Auto Insurance: Deal Killer or Deal Maker?

AutoSuccessOnline

Everyone was talking about how insurance rates impacted auto sales in 2024. Whats also true is that insurance doesnt have to kill the deal. In fact, auto insurance can be a deal maker and even a deal sweetener. Rising insurance costs could actually help dealers save buyers money when they need it most during the deal.

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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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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. With EVs being more expensive to finance and replace, coupled with the cost of their batteries and the plethora of tech they house, GAP insurance becomes a no-brainer.

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

Autosoft

Reading Time: 5 minutes 10 Ways to Unleash the Potential of Your Dealership’s F&I Department April 11, 2024 Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction.

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

Autosoft

Unleashing the Potential of Your Dealership’s F&I Department March 25, 2024 Bryce Veon 7 mins read Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction.