Car Examer

NOVEMBER 2, 2024

Deposit Contribution A deposit contribution is essentially a discount offered by the dealership or manufacturer when you finance through their specific program. 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.

Balloon Payment 59

Balloon Payment Term Mileage Limit Gap Insurance 59

Carscoops

JUNE 22, 2024

BMW has been hit with a class action lawsuit that alleges an assortment of vehicles are equipped with a “defectively designed and/or manufactured” shark fin antenna that allows for water infiltration. Lawyers are seeking more than $5 million and alleges various violations by BMW.

Repairing 132

Repairing Gap Insurance Insurance Electronics 132

Autocar

NOVEMBER 18, 2024

Many manufacturers have helped out their dealers by stipulating servicing intervals for EVs that mirror those of their ICE equivalents. Earlier this year, the FCA also cracked down on guaranteed asset protection (GAP) insurance from which dealers also took a commission for selling to car buyers.

Insurance 116

Insurance Gap Insurance Spread Finance 116

Shawn Ryder

JANUARY 18, 2025

Understanding the interplay between leasing and gap coverage is crucial to preventing potential financial setbacks in the unfortunate event of a total loss. Warranty Coverage: Most leases coincide with the manufacturers warranty, reducing maintenance costs. This is where gap insurance comes into play.

Gap Insurance 52

Gap Insurance Insurance Lease Payment Lessee 52

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.

Gap Insurance 59

Gap Insurance Insurance Repairing Manufacturing 59

Shawn Ryder

JANUARY 17, 2025

Discounts and Incentives: Research current discounts, manufacturer incentives, or financing deals that can enhance your purchase and potentially reduce the impact of negative equity. Consider Additional Insurance Options Additional insurance options, such as GAP insurance, can offer peace of mind: What is GAP Insurance?

Down Payment 52

Down Payment Gap Insurance Fair Market Value Insurance 52

Shawn Ryder

FEBRUARY 7, 2024

The F&I manager will also offer additional products such as extended warranties and GAP insurance. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for. Invoice Price The price the dealership pays to the manufacturer for the vehicle.

Gap Insurance 40

Gap Insurance Term Extended Warranty Insurance 40