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What is maximum amount a car dealer can charge for gap insurance in Texas?
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What is the maximum interest rate an auto dealer can charge?
In the US, the maximum interest rate for loans other than those by certain types of banking institutions is set by the state; you'd need to specify what state the dealer is in for this question to be answered.
What is the maximum charge for gap insurance through auto dealers in CT?
I'm sorry I don't know if there is a legal maximum that auto dealers can charge for gap insurance. I do know that you need to speak with your auto insurance agent prior to purchasing gap coverage. When a dealer sells you gap coverage what they do is prepay the entire premium for the term of the loan and add that into the amount financed. After that you are charged whatever interest rate you pay on the vehicle. The auto dealer is paid a large commission for selling this gap coverage and receive all their money up front. Most auto insurance companies offer the same coverage for a very small premium that is simply an endorsement to be added onto your current policy. I think mine is about $6.50 for a six month period. You only need gap coverage for the first couple of years that you own a new car. GAP pays for the difference between the value of the car and the amount owed on the loan. After a couple of years the falling amount owed on the loan becomes less than the value of the car. If you purchase from the dealer you are prepaying for the entire 5 or 6 year time of the loan period.
What is the State limit on doc fee for Ohio?
The state (Ohio ) maximum is $ 250.00 and that is what most dealers charge. It is a fee charged and is really profit for the dealer. They say it is negotable but it is only negotable if the dealer is willing to do that and most are not.
Do brakes get paid by your car insurance or no?
Brakes may or not be paid by your insurance or dealer depending on the company and the warranty in which your car is under. Consult dealer or insurance to verify.
How do you get your newly purchased used car from the dealer to your insurance agent without any car insurance?
What happens when you purchase a used car from a dealer is that you get information from the dealer on the car you are buying, such as make, model, year, VIN number, then you call your insurance company. This can be done at your home or you can do it right in the dealer's office. If you are trading in an old car, you can transfer the insurance from your old car to your new car. Then, the insurance company will fax an insurance binder to the car dealer, because they will need that to transfer your car plates. You keep that faxed insurance binder as proof of insurance until you get your real policy in the mail from your insurance company.
If you and the dealer have 21 and you don't insure your hand do you lose or push?
Insurance is like a side bet that the dealer has 21, it is only offered when the dealer has an Ace showing. If you decline the insurance bet and the dealer has 21 then it is a push, if you take the insurance then you push the hand and win the insurance. When a player has 21 it is never a loss. A 21 is a guarantee that you will not lose, the worst case scenario is that you will push.
Do you need insurance with temporary dealer?
yes
Possible to get car dealer insurance with bad driving record I have 4 speeding tickets on my record. None are too serious and a lot of Car dealer insurance companies are denying coverage?
You need to call An insurance Agent that specializes in High Risk Auto Insurance to find coverage. An Auto Dealer is the worst and most expensive place you can ever buy insurance. You should never buy your auto insurance from a car dealer or a bank teller, They are not licensed, trained or experienced in the placement of Insurance Risks.
Hello ive had a small accident in my Chrysler which i am supposed to exchange with another car dealer next week have fully comp insurance and gap insurance can you give me advice on what to do?
call the dealer and insurance agent.
Do you have to have insurance before you can take it home when you buy it from a dealer?
Yes. The dealer will require proof of insurance prior to letting you take it home. Especially if there is a loan on the vehicle.
Where can one find information about car dealer insurance?
Car dealer insurance information can be found from many different websites and resources. Some examples of these resources include Motor Dealer Services and Willis Programs.
What if the car dealer give you a car without proper insurance?
I don't really understand your question. The car dealer is not responsible for providing your auto insurance. It is your responsibility to obtain the proper insurance coverage for your vehicle and your situation.
