Don’t I Have Insurance for That?
Vehicle thefts and car accidents are traumatic enough for your customers. Imagine their frustration when the vehicle is rendered a total loss, and the insurance payment doesn’t even cover the amount they still owe — much less a down payment on another car. Guaranteed Asset Protection (GAP Protection) from DKP fills that critical gap for your valued customers, strengthening customer satisfaction while helping you increase your profit per unit sold.
GAP Protection: Customer selling points
In the event of theft or total loss, GAP protection provides valuable protection to your customers on both new and used vehicles:
May make up the difference between the value of the vehicle and the amount owed in the event of theft or a total loss, up to $50,000
Pays up to $1,000 of the insurance deductible if the vehicle is recovered from theft
Pays up to 150 percent of the manufacturer’s suggested retail price on new cars and up to 150 percent of the average retail book value for used cars in the event of a total loss or unrecovered theft
Preserves each GAP protection contract holder’s credit rating by preventing debt accumulation
Dealership benefits of GAP Protection
The GAP protection program was developed to give dealerships a valuable tool to:
Increase profits per unit
Enhance customer satisfaction and loyalty
Give customers an incentive to return for replacement vehicles
Strengthen branding through optional private labeling