Finance Center

We are here to help you get in your next vehicle.

FAQ About Finance

Automotive F&I refers to the department within our dealership that handles the financing and insurance aspects of vehicle purchases. This department offers customers a range of financing options and insurance products, such as vehicle loans, extended warranties, and gap insurance.
GAP insurance covers the difference between the amount owed on a vehicle loan and the actual cash value of the used car. In the event of a total loss, GAP insurance can help cover the loan's remaining balance, which would otherwise be the borrower's responsibility.
GAP insurance may be needed when the loan balance on a used car exceeds the actual cash value, such as when a vehicle is totaled or stolen. GAP insurance can help protect borrowers from paying out-of-pocket for the remaining balance on their used car loan.
An extended warranty is a service contract that extends the coverage on a vehicle beyond the original factory warranty. These warranties can cover a range of repairs and maintenance services and may be offered by our Des Moines used car dealership or a third-party provider.
Yes, customers are not required to purchase any of the F&I products Iowa Auto Exchange offers. However, some products, such as gap insurance, may be required by lenders in certain circumstances. It's important to carefully consider each product's benefits and costs before deciding at our used car dealership near Des Moines.

Finance Products

For those looking to purchase or finance a used car near Des Moines, Iowa Auto Exchange offers some of the finest financing options available in Iowa. With decades of experience in automotive sales and customer service, we are committed to finding the right loan for your unique situation—whether you are starting on your automotive journey, consolidating debt through a loan refinancing package, or protecting your vehicle with comprehensive coverage from an affordable insurer. Utilizing our network of lenders, it’s simple for local drivers to find the perfect fit at Iowa Auto Exchange, no matter their financial means.

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Multiple used cars for sale, parked outside a car dealership, Iowa Auto Exchange.

WHAT IS AN AUTO SERVICE CONTRACT?

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An auto service contract is a contract that provides coverage for specific repairs and maintenance services on a vehicle. Our dealership or a third-party provider may offer these contracts and can cover a range of services from basic maintenance to major repairs.

Advantages of a vehicle service contract?

A vehicle service contract, also known as an extended warranty, is an agreement between the vehicle owner and a third-party provider that covers the cost of certain repairs and maintenance services beyond the manufacturer’s warranty. Here are some advantages of having a vehicle service contract:

 

  • Cost savings: Vehicle service contracts can provide significant cost savings by covering the cost of repairs and maintenance that would otherwise be paid out of pocket.
  • Peace of mind: With a vehicle service contract, you can have peace of mind knowing that you’re protected against unexpected and potentially expensive repairs.
  • Customizable coverage: Vehicle service contracts can be tailored to meet your specific needs, with varying levels of coverage, deductibles, and terms.
  • Transferable: If you decide to sell your vehicle before the service contract expires, you may be able to transfer the coverage to the new owner, which can increase the resale value of your vehicle.
  • Nationwide coverage: Many vehicle service contracts offer nationwide coverage, which can be especially beneficial if you travel frequently or move to a new state.
  • Access to quality repair shops: Most vehicle service contracts require repairs to be performed at authorized repair facilities, which can help ensure that your vehicle is serviced by trained professionals using high-quality parts.
  • No unexpected repair bills: With a vehicle service contract, you won’t have to worry about unexpected repair bills, as many contracts cover the cost of parts and labor.
The entrance to a used car dealership in Des Moines, A
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Laura Nutt
Laura Nutt
2024-04-01
2T's Bar is kept COMFORTABLY mobile because of you...I sincerely appreciate it 😃 These guys are great! Service was fast, efficient, and extremely personable. Todd is GOOD people, always trust the handle bar 🤣. Specifically, he is quick to understand and connect, honestly, with his clientele; finding the sweet spot between what you want, need and can afford successfully. Alex was awesome, he really did a great job of breaking down explanation of details and financing, very knowledgeable. Made the breathing process of financing much smoother. It was overall a fantastic experience for my purchase needs and specifications. I highly suggest seeing Iowa Auto Exchange BEFORE finalizing any prospective contracts elsewhere. They definitely provided the best deal for myself, my 3 kids, and my small business. Thanks boys!
Megan Boettcher
Megan Boettcher
2024-03-30
We've been shopping for a used car for our teenage son for several months, and couldn't find the exact right fit. Todd listened to our concerns for safety and respected our price range. He never showed us options that were more than we wanted to spend. He was very easy to work with and made the whole process seamless! We would definitely work with them again!!
Elecia Wilkinson
Elecia Wilkinson
2024-03-30
Sales Rep. Alexander was amazing. Had a welcoming personality, very knowledgeable, and respectful on time restraints. Highly recommended. Thanks again.
Jeremy Young
Jeremy Young
2024-03-26
Todd and Alex were very helpful. They answered all questions and made the process super easy. And to add a cherry on top of getting a awesome vehicle I got to whoop Alex at rockem sockem 🙃
Samuel Claesson
Samuel Claesson
2024-03-26
Great service!
Madison Green
Madison Green
2024-03-25
me and family loved working with todd!!
Odyssey’s Journey
Odyssey’s Journey
2024-03-25
Alex was great got me a great deal on my car. He was super helpful talked me and my dad through the process. Overall made me feel real comfortable, and he super realistic and relatable. I love my new car