Motor Trader
MARCH 25, 2025
The majority of dealers are giving GAP insurance sales a miss in the wake of FCA scrutiny. Thats the view of warranty firm Intelligent Motoring which estimates that 90% of dealers are not advertising GAP products. GAP came under scrutiny from the FCA which paused sales for a period.
Car Examer
NOVEMBER 2, 2024
List Price The list price is the manufacturer’s suggested retail price (the “sticker price”). 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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Shawn Ryder
JANUARY 21, 2024
What is GAP Insurance? If you’re thinking about buying a car, you may have come across the term “GAP Insurance” But what exactly is it? This is where GAP Insurance comes in. GAP stands for Guaranteed Asset Protection. Why Do You Need GAP Insurance?
AutoSuccessOnline
AUGUST 12, 2024
Used car retailers such as Carvana have also reported growth in used EV sales, and Carvana’s average used BEV price in Q1 was $31,000, a decrease of 16% year-over-year. GAP Insurance: Depreciation is an inevitable reality of vehicle ownership, and gasoline and hybrid-powered vehicles are no exception.
Autocar
NOVEMBER 18, 2024
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. Some firms were paying out as much as 70% of the value of insurance premiums in commissions, the FCA found.
Shawn Ryder
FEBRUARY 7, 2024
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.
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