Remove Extended Warranty Remove Gap Insurance Remove Repairing
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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Warranty Most new cars come with a manufacturer’s warranty covering repairs for a set period (usually 3-5 years). 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.

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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. Insurance could be a missing link that strengthens the customer-dealer relationship.

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

Shawn Ryder

Understanding your warranty coverage can save you from unexpected repair costs down the road. These additional products can include extended warranties, maintenance plans, GAP insurance, and more.

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