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?

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AutoSuccessOnline

NOVEMBER 1, 2024

The CFPB has been intensifying its efforts to combat what it terms “junk fees” across various financial products and services, including those in the automotive industry. In the automotive sector, this scrutiny has extended to GAP insurance and various aftermarket products.

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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.

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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.

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AutoSuccessOnline

AUGUST 12, 2024

Traditionally, F&I products such as Guaranteed Asset Protection (GAP) insurance, ancillary products and vehicle service contracts have been tailored to the needs of gasoline-powered vehicles. GAP Insurance: Depreciation is an inevitable reality of vehicle ownership, and gasoline and hybrid-powered vehicles are no exception.

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Shawn Ryder

JANUARY 18, 2025

This blog post will delve into the essentials of lease agreements and gap insurance, offering insights on why they matter and how they can protect you financially during your leasing experience. Leasing a vehicle involves an agreement where you pay for the use of a vehicle over a specified term, usually between 2 to 5 years.

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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.

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Shawn Ryder

JANUARY 17, 2025

Understanding Prepayment Penalties Prepayment penalties are fees that lenders may charge borrowers for paying off a loan earlier than the agreed-upon term. Loan Agreement Terms: Not all loans come with prepayment penalties, so it is crucial to read and understand your loan agreement thoroughly.

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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.

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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.

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AutoSuccessOnline

MARCH 28, 2025

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. Loyalty, Loyalty, Loyalty Loyalty makes or breaks your dealership.

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Canadian Auto Dealer

MARCH 1, 2024

Since residual values of EVs are not as predictable as those of conventional cars, we could see less favourable terms presenting new challenges around financing options. In terms of vehicle service contracts (VSCs), the narrative is also evolving.

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Shawn Ryder

JANUARY 17, 2025

The nature of this choice profoundly influences your financial situation, driving experience, and long-term ownership. Maintenance and Warranty Benefits Most leased vehicles are new and under warranty: Covered Repairs: Maintenance and repair costs are often covered, allowing for worry-free driving during the lease term.

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Canadian Auto Dealer

MARCH 30, 2024

To confidently present finance and insurance products, business managers must be well-versed in the intricacies of extended warranties, GAP insurance and more. But it doesn’t stop there. F&I managers are negotiators extraordinaire.

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Autosoft

APRIL 11, 2024

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Providing clear explanations of terms, pricing, and coverage details builds trust, fostering long-term customer relationships and loyalty.

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Autosoft

MARCH 25, 2024

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Providing clear explanations of terms, pricing, and coverage details builds trust, fostering long-term customer relationships and loyalty.

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Shawn Ryder

MARCH 12, 2024

In this blog post, we will dissect the components of a car deal, shedding light on hidden fees, demystifying financing terms, and emphasizing the importance of reading the fine print to empower consumers to make informed decisions when buying a vehicle. Another aspect to consider is the cost of financing.

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Turbo Marketing Solutions

JUNE 13, 2024

Understanding lead generation is vital for car dealerships as it forms the foundation of their customer acquisition strategy and plays a pivotal role in driving sales and fostering long-term customer relationships.

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