Ensuring Compliance and Accurate Refunds for Auto Aftermarket Products: Solutions for Lenders
Aftermarket Products are optional add-on products that dealers sell car buyers at time of purchase. These range from GAP waivers, vehicle service contracts, anti-theft devices, maintenance plans, tire-and-wheel coverage, and more. Funding Team Challenge Auto lenders must ensure that the aftermarket products they fund are compliant, properly cover the borrower and add value. For example,

