GAP Insurance
Definition for australia automotive professionals.
Guaranteed Asset Protection (GAP) insurance covers the difference between what you owe on a vehicle and its actual cash value if it is totaled or stolen. It is one of the highest-margin F&I products and a critical revenue line for dealership back-end gross.
Australia Context
In the australia dealer market, gap insurance operates within the context of Australian Consumer Law (ACL) and National Consumer Credit Protection Act (NCCP). Dealerships running Pentana, Titan DMS, Auto IT encounter gap insurance in their daily workflow. DealerInt captures the decision layer around gap insurance that your DMS wasn't designed to track.
Related
See the decisions your DMS doesn\u2019t track
30-day free trial. A$1,199/store/month. Works with Pentana.
✓ Read-only✓ No PII stored✓ 24hr setup✓ 99.9% Uptime