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The answer depends on the state where Gap was purchased. In many states the refund is calculated pro rata. This means if a cancel is requested in month 30 of a 60-month loan, 50% of the selling price would be refunded. Perhaps the most popular refund calculation is rule-of-78s. This allows the Gap Insurer to earn more of the premium in the early stages of a loan. For example, in Rule-of-78s calculations the first month of a 60-month loan is worth approximately 3.28% of the overall price charged (this number would be only 1.66% if pro rata was used). Rule-of-78s is often used because it allows the Gap Insurer to more closely align the risk with the earning of premium. Gap exposure is higher early in the loan and decreases as payments are made.
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Can an auto dealership legally give you only 2 days to get auto insurance?
Most dealerships will require insurance before you drive off the lot.
How do you know if you have gap coverage on your car?
GAP Insurance is usually purchased at point of sale through Auto Dealerships and Automotive Finance Companies. You should look at the paperwork you received from your vehicle purchase. GAP Insurance is NOT Auto Insurance. It is Finance Company insurance.
Which companies sell electric auto insurance?
All the companies who are covered by the Green bill of Canada can sell electric auto insurance. Speak to your car dealer about electric car tax refunds as well because in Canada, green is mean!
Which auto insurance companies offer safe driver car insurance discounts?
Progressive and Elephant insurance companies advertise how they reward good driving with partial refunds of insurance premiums. In general, all insurance companies offer lower rates to those with better driving histories.
What are some really good luxury car dealerships in NJ?
There are some great dealerships in Toms River. Some of the dealerships are Auto Lenders Of Toms River and Central Auto Sales.
Is it better to get auto financing through a bank or an auto dealership?
Dealerships are the best way to go. Banks are a longer process than dealerships.
Where can one find a listing of Mitsubishi Dealerships in Ontario?
A listing of Mitsubishi dealerships in Ontario can be found on Ontario Mitsubishi, Auto Dealer Finder, Auto Trader, Auto 123, Ontario Auto Center and Auto Mall Canada.
What is the population of the capital of Oman?
There are some great dealerships in Toms River. Some of the dealerships are Auto Lenders Of Toms River and Central Auto Sales.
Where might one find the cheapest car insurance plan?
One can find a very cheap auto insurance plan from many car dealerships, who recommend good companies. Some such companies are Allstate and State Farm.
What are the types of insurance the Sentry Insurance offers?
Sentry offers both home and business insurance options. For individuals, they offer auto, home, boat, RV, motorcycle, equipment, and life insurance. They also offer business insurance for car dealerships, retail stores, food processing, and many others.
Do dealerships handle auto refinancing loans?
Some dealerships do offer auto refinancing loans. It would be to your best interest to contact several different lenders about auto refinancing before settling on your dealership.
Are auto dealerships open on Sunday in Illinois?
yes
