Powersports GAP: Protection for Unexpected Loss of Vehicle
Powersports GAP is one of the most important after-sales products that owners of Powersports vehicles like ATVs, UTVs, dirt bikes, and so on, shouldn’t think twice about purchasing. Because in the event of total loss, this program offers some level of consolation.
One of the most devastating things that a vehicle owner could face in their lifetime of ownership is losing their vehicle. Whether it’s an on-road car or off-road ATV, the loss is equally devastating. Now, if you own a Powersports vehicle, there is a way to save you from financial “ruin,” so to speak, through the Powersports GAP Total Loss program offered by most dealerships nationwide.
Powersports GAP in brief
Powersports GAP is an add-on or after-sales program offered by dealerships where the vehicle owner is given protection against financial losses in the event that they lose usage of their vehicle, whether through accidental damage (beyond repair) or theft (beyond recovery).
If the vehicle was damaged and the repair costs more than its insured value, it is also considered a total loss.
Most first-time owners think that when they lose their vehicle, they’re no longer obligated to pay their loan. This couldn’t be further from the truth. You, as the vehicle owner, still has to pay the difference between the Actual Cash Value (ACV) of your vehicle and your loan balance. And this is what owners find frustrating, burdensome, and even hurtful. Imagine being made to pay for something that isn’t in your possession anymore.
But with a program like Powersports GAP, this difference will be covered by the contract. For the vehicle owner, this means having peace of mind knowing they’ve got financial coverage should they lose their vehicle to an accident or theft.
Dealerships partner with Torque Group for GAP 150
Torque Group’s GAP 150 is the preferred GAP program of most dealerships because they offer the highest GAP coverage to date. They pay up to $1,000 of the customer’s insurance deductible; plus, coverage begins immediately. And in case you change your mind, GAP 150 is totally cancellable.
If you want your customers to fully enjoy ownership of their vehicle and you want to give them the best GAP program, you can’t go wrong with Torque Group’s GAP 150.
Please feel free to contact Torque Group at (800) 859-0590. We’d be glad to discuss details of this program with you. You may also call us to learn more about other F&I solutions we offer.
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