Home Loans Uptick in auto refinance could hurt dealers’ F&I profits

Uptick in auto refinance could hurt dealers’ F&I profits

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Uptick in auto refinance could hurt dealers’ F&I profits


As interest rates ease from record highs, increased auto refinancing could cut into finance and insurance profits for dealers.  Dealers are more likely to lose out on F&I revenue when an auto loan is refinanced since products like guaranteed asset protection (GAP) are tied to the loan, not the vehicle, Brian Jones, chief executive of […]



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