After you have picked out your car and agreed on a price, you must go into the business or finance office, also called F&I, whether you have your own financing or not, to complete the transaction. In addition to preparing the necessary paperwork and trying to finance your purchase, you will also be offered several different packages and add-ons for your new vehicle. However, some of these products are simply not worth the money, while others may be necessary for some people. Below are some common F&I products explained.
Extended Warranty: You are sure to be told that you need an extended warranty, but you can purchase one at any point while the original factory warranty is in effect, and you can get these warranties from other sources besides the dealer. If you are considering an extended warranty, be sure to read the paperwork and see what systems are covered and if there is a deductible or not. You should also try to get a warranty that provides a loaner vehicle if warranty work is necessary.
Gap Coverage: If you have ever been upside down on a vehicle or put no money down when you buy, gap coverage is essential. Gap coverage ensures that your loan...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
