F&I
GAP Insurance
GAP (Guaranteed Asset Protection) covers the difference between what a customer owes on their vehicle and what insurance pays out if the vehicle is totaled or stolen.
What it means on the floor
Because new vehicles depreciate 20%+ in the first year, customers who finance often owe more than the car is worth. GAP eliminates that exposure. It's a high-penetration, customer-friendly product and a staple of every menu presentation.
Related terms
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