Gap Insurance Management Term 
Your Car Buying Advocate
MARCH 4, 2025
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.
AutoSuccessOnline
NOVEMBER 1, 2024
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
AutoSuccessOnline
SEPTEMBER 6, 2024
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.
Shawn Ryder
FEBRUARY 7, 2024
When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles.
Shawn Ryder
JANUARY 17, 2025
When purchasing a new vehicle, it’s not uncommon to come across the term “negative equity.” Long Loan Terms: Extended loan periods often lead to slower paydown against the principal, increasing the chances that you’ll owe more than the vehicle is worth. This may lead to more favorable terms.
Motor Trader
OCTOBER 14, 2024
From November, every customer who leases a vehicle with Select will automatically receive 30 days free GAP Insurance. Alloy Insurance begins at £6.50 Warranty cover will follow as the next product, offered as an add-on protection for cars on lease terms that exceed their original manufacturer cover period.
AutoSuccessOnline
OCTOBER 30, 2024
4 The Role of F&I Products in Addressing Affordability Concerns Given these challenges, F&I products have become more critical than ever in helping consumers manage the long-term costs of vehicle ownership.
Expert insights. Personalized for you.
81 
Let's personalize your content