Due to our current economic condition, there are many reasons for loan officers to consider making GAP a recommendation to their borrowers.
As new vehicle sales prices continue to rise, many lenders are feeling the pain in the way collateral protection premiums are calculated.
Insurance rates in every sector have risen substantially in recent years, outpacing inflation by a good margin. Here’s a look at some of the stats.
Gone are the days of predominantly three- to five-year loan terms. Nowadays, most loans are made with terms of five to seven years.