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.
WHAT IS AN AUTO SERVICE CONTRACT?
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.
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Abbi Jirak
2023-03-16
Very helpful. Got me into the car I wanted. Engine light came on a couple days after driving it off the lot which ended up being the catalytic converter. Dealer ordered me a new catalytic converter and had it installed with no extra charge to me. Had an excellent and easy experience here.
Jami Lawson
2023-03-09
Super easy to work with and I got a nicer car than I was originally looking at!
Reinbeck 11
2023-01-26
Purchased a vehicle from these gentleman today. Very pleasant people to meet and Tim zipped through the paperwork making what can be tedious a simple and quick process.
The vehicle I bought had a very competitive price. I’d been searching for several months and was aware of what was available and the prices it could command.
The advertised pictures and description gave an accurate representation of the car. I got exactly what I hoped for from some good guys. Thanks!
Sequioyah Bueford
2023-01-24
This is one of the best car lots I have ever went to. The people were wonderful. Walked me threw the Whole process of purchasing. I will tell you if you're car shopping. Go to this place first. You will be very impressed.
Korey Campbell
2023-01-20
Great place to get a new to you vehicle. Great service and atmosphere. Worth checking out
Austin Reed
2023-01-19
Great services
Robert Duncan
2023-01-02
Aiden and Sean are absolutely two of the best human beings you can find in the industry. I gave them the details on my situation, price range and what I wanted. No judgement, sweet talk or smoke. They are straight up, honest and will legitimately fight for you to get you what you want.
If you are thinking of buying from them, do it. You will not be disappointed. I wanted the 2018 nissan Rouge. I got the exact model, price range and specifics I asked for. I will go back to them in the future and that's coming all the way from cedar rapids. Worth the drive and very much worth my time.
Jason Brown
2022-12-07
Awesome service and friendly staff. I came to get a truck. Art and Tim was very informative and was excellent to work with. If I was to suggest a place this would be it!