Powersports GAP Total Loss Protection: Give Customers Relief from the Pain of Losing Their Vehicle
One of the happiest moments for a vehicle owner is the first time they drove their vehicle home from the dealership. And the most devastating event is losing the same through theft or unsalvageable damage. Torque Group's Powersports GAP Total Loss Protection aims to somehow ease the pain and burden of losing your vehicle whether it's and ATV or UTV, snowmobile, personal watercraft, or motorcycle.
Do you need GAP 150?
If you purchased your vehicle through in-house financing, then yes; you need a GAP 150 contract. Because what it does is give you a level of financial protection should you lose full use of your vehicle through theft or through damage from an accident.
Here's how Powersports GAP Total Loss Protection works:
The Powersports vehicle figures in an accident are deemed unsalvageable or repair cost is higher than its insured value, this is considered a total loss since it can't be legally used anymore. Or the Powersports vehicle gets stolen and has been deemed irrecoverable by the authorities, this is also considered a total loss since the vehicle is no longer in your possession.
What happens when you still have an ongoing auto loan that your dealership expects you to pay regardless of your vehicle situation?
If you don't have a GAP 150 contract, you will have to pay what you still owe the dealership, but with GAP 150, everything changes. You could say it's your silver lining.
So this is what GAP 150 Total Loss Protection will do for you:
You lose your vehicle through any of the reasons mentioned above, you won't have to pay for what you still owe the dealership. Instead, GAP 150 Total Loss Protection will cover the payments for you!
More specifically, here's how it works according to Torque Group: GAP Total Loss Protection will pay the difference between what your insurance covers and what you still owe – including up to $1,000 of your deductible.
Torque Group Powersports GAP 150 Total Loss Protection
Statistics show that on average, owners lose their vehicles withing six months of ownership. Don't let the threat of vehicle loss prevent you from enjoying your favorite recreational activities. Get covered today for your peace of mind. Talk to Torque Group at (800) 859-0590 about their Powersports GAP Total Loss Protection program and other F&I products that will make ownership easier and more enjoyable for your customers. You may also leave a message here.
