Recently, my friend Susan visited RoadLoans.com to receive financing to purchase a vehicle.
She called me one night to share her experience, providing great reviews for the service she received. But she also wanted our on the \”GAP\” insurance that was supplied by one of my loan specialists.
Susan is an extremely thrifty and budget-minded person who watches her finances closely. I understand that she does not have extra money already there to cover unexpected expenses. Of course, Susan is a single mother who\’s got two children in college and money is tight.
My goal ended up share the value of GAP (guaranteed asset protection) and give an explanation that she would understand. I informed her GAP is like medical insurance C you don\’t need it every day. But imagine something happens to you and you have to go to the doctor? What if you must be admitted to the hospital?? Naturally, this can cause huge financial difficulties if you don\’t have insurance.
The same is true if your car is totaled in an accident or stolen C or involved in a hurricane. Why mention a hurricane? Susan resides in Baton Rouge, Louisiana, so she can\’t take anything without any consideration.
I asked her what she would do if she owed hard earned money on a car she couldn\’t drive anymore.
Susan explained to me not to worry, that she has automobile insurance. But I explained that the insurance carrier will only cover the current value of the vehicle which, in the first three or four years of financing, could be a lot fewer than she owes. I explained to Susan she would be responsible for the difference before she\’d be able to obtain financing for the new car. This could mean the need to cut into the savings she\’s got set aside for her daughter\’s college fund. Or perhaps worse, by owing money on a car that has been totaled, she would not have a way to work that may place her job in danger.
With GAP, I explained, she had have peace of mind knowing the she would be covered for the misfortune and can shop for a new car.
I also advised that he could roll the cost of GAP into her financing. To be able, she was sold!
It\’s an exquisite feeling to know that RoadLoans is designed with a product like GAP to guarantee our customers can get back on the road quickly and protect their credit! Read the GAP coverage on your RoadLoans approval page.
Bridge the gap with S-Guard GAP when you purchase a new or used vehicle. It will even cover to $500 of your primary insurance carrier\’s deductible, exactly why would someone risk your financial security? Protect overlook the ?C and your credit C with S-Guard GAP. Ask profits representative for details.