MINNEAPOLIS, MN (June 11, 2013) -- van Wagenen Financial Services continues to expand offerings targeted to the auto lending space with their most recent product addition, Guaranteed Automobile Protection, or GAP. Private label capability and high end service make the product an industry front-runner.
“The continued expansion of our auto product offering equates to convenience for our clients,” says van Wagenen Vice President of Sales, Auto Finance; Jeff Anderson. “Managing multiple vendors becomes cumbersome, bringing together related services like Tracking, CPI, GAP and Warranties creates efficiency and helps them leverage volume at the same time,” he continues.
Guaranteed Auto Protection (GAP) provides borrowers with additional financial security in the event of a total loss by addressing possible differences in the insurance settlement and outstanding loan value. The van Wagenen GAP program is available for auto loans and leases up to 84 months and covers up to 150% of MSRP/NADA value. The product is provided to lenders and dealers looking to build revenue and protect borrowers. As an added value, lenders can private label the GAP program sourced through van Wagenen.
Kendra Conser; van Wagenen Assistant Vice President, RecoveryPro & Claims works with a wide range of GAP carriers on a daily basis. Discussing the GAP product offered by van Wagenen she states, “Our carrier is one of the most customer focused GAP carriers we work with. They are easy to reach, fair in their assessments and use straight forward calculations. They are extremely accurate which reduces the number of supplemental claims required and payments are turned around quickly.”
Information on the van Wagenen GAP program is available in the New Products section of our news site: www.vanwagenen-news.com.
About van Wagenen
For more than 78 years van Wagenen has been a trusted guide to auto lenders managing risk and increasing profitability in a complex, ever changing regulatory environment. Industry leading customer service, collateral insurance tracking, RecoveryPro repossession and total loss claims processing and lender placed insurance programs help lenders of all sizes mitigate risk, ensure compliance, and minimize charge-offs.