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When you DO or DON’T need Gap Insurance💰🚙

Your Car Buying Advocate

Gap insurance can be a smart option to consider when buying a car. This insurance helps pay off what you still owe if your car gets totaled, and the payout from the insurance doesn’t cover the full loan amount. You can always call your insurance agent when you leave to get a quote.

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Based on CFPB Documented Consumer Complaints, Are Junk Fees Really in the Spotlight?

AutoSuccessOnline

It’s notable, for example, that consumer complaints about managing an auto loan or lease in 2023 spiked by 77% and that CFPB supervisory highlights have recently focused on end-of-loan problems, such as GAP refunds and failing to automatically debit final payments. These complaints offer a valuable form of compliance intelligence.

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Warrantywise appoints new Dealer Sales Director

Motor Trader

Duxbury began his career at Warrantywise as a dealer account manager and eventually a field sales manager. He then held the role of regional manager and sales director at Momentum Warranties. “My focus will be on fostering innovation and collaboration within our team to meet and exceed these expectations as we continue to grow.”

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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccessOnline

Guaranteed Asset Protection (GAP) Insurance : GAP insurance is essential in an inflationary environment. It covers the difference between the vehicle’s actual cash value and the remaining loan balance in case of total loss, protecting consumers from financial gaps due to fluctuating vehicle values.

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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

Understand Your Range: Knowing exactly what you can afford while managing your current equity can streamline your decision-making process. Consider Additional Insurance Options Additional insurance options, such as GAP insurance, can offer peace of mind: What is GAP Insurance?

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Select Car Leasing partners with MotorEasy

Motor Trader

From November, every customer who leases a vehicle with Select will automatically receive 30 days free GAP Insurance. Alloy Insurance begins at £6.50 per month and covers the cost of repairs to damaged rims.

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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. It’s often used as a starting point for negotiations.