Glossary / General

gap

19 Episode Mentions

Too Afraid to Ask

GAP insurance helps pay off your car loan if your car gets wrecked or stolen and the insurance company doesn't pay enough to cover what you still owe.

Technical Definition

GAP stands for Guaranteed Asset Protection, an insurance product that covers the difference between what you owe on a car loan and the car's actual cash value if it's totaled or stolen.

Hear It Discussed

"you have to find different products in order for them that are relevant, right, that are useful, not junk, maintenance plans, you know, gap, surface care, things that provide value, windshields,"
Sedano on Leadership, SelectFI on F&I Efficiency, Lamphere on Veterans in Auto | Daily Dealer Live Car Dealership Guy Podcast 19:47

"...still everything has to be precise and there's a gap between that ground electrode and the center electrode. And we always measure that before you put the spark plug in."
2019 Mercedes A250 Spark Plugs Pawlik Automotive Podcast 03:00

"Packing the payment is another thing they do with extended warranties, gap, paint protection,"
The most common car dealer scams and how to recognize them when they are happening My Car Guru Podcast 05:04