Subprime buyers face more risk in auto financing than most people realize. Longer loan terms, little money down, and higher loan balances make it easier to end up owing more than a vehicle is worth. This is exactly why GAP coverage is especially important for subprime buyers. When explained clearly, GAP protects buyers from a […]
GAP for Subprime Buyers: Why It Matters More Than Ever Read More »
Vehicle GAP coverage, also known as Guaranteed Asset Protection, helps protect buyers from owing money on a vehicle after it is totaled or stolen. It covers the difference between what an auto insurance company pays and what is still owed on the vehicle loan. Vehicle GAP coverage is a protection product that pays the difference
GAP coverage, short for Guaranteed Asset Protection, is one of the most important protection products a dealership can offer. It protects customers from a financial problem most people never see coming until it’s too late. At the same time, it helps dealers increase backend profit while giving buyers real peace of mind. This blog breaks
GAP Coverage Explained: Why It Matters for Dealers and Buyers Read More »