Motorcycle enthusiasts know there are risks involved in owning and riding their two-wheeled machines. Whether they’re cruising on a deserted road or riding through urban traffic, their safety is always put at risk, shares premier provider of Powersports GAP 150 and other F&I products, Torque Group. Additionally, since motorcycles are smaller compared to four-wheel vehicles, they are more prone to theft, which is another risk that motorcycle owners should be aware of.
Powersports Guaranteed Asset Protection 150
Torque Group’s Powersports Guaranteed Asset Protection or GAP 150 is designed specifically to give Powersports vehicle owners, including motorcycle owners, some level of financial protection should their vehicle be stolen or damaged during their ownership.
Specifically, Powersports GAP 150 covers the difference between the vehicle’s actual cash value or ACV based on NADA Retail Value or Insurance Settlement, whichever is greater, and your remaining loan balance. So what this basically means is that you will be saved from the burden of paying for a vehicle that you are no longer in possession of, whether you lost use of it because an accident caused it to be damaged beyond repair or because your unit was stolen has been declared by the authorities as irrecoverable.
GAP 150 may also be applied if the repair costs of the vehicle is higher than its insured value.
Benefits of owning a motorcycle
Just as there are risks in owning a motorcycle, there are benefits, too.
Motorcycle owners enjoy the freedom that comes with owning this type of motor vehicle. Its compact size makes it easier to park and store the vehicle at home, and roads are easier to traverse even in traffic. There’s also nothing like feeling the air whip through your body as you ride your bike. It’s an adrenalin rush that only motorcycle enthusiasts understand.
Fuel and maintenance costs are relatively lower compared to those of a regular four-wheel vehicle or a Powersports ATV or UTV. And for people looking for a more environment-friendly vehicle, a motorcycle is the better alternative to four-wheel vehicles, and again, it’s because it uses less fuel and has fewer emissions.
Torque Group Powersports GAP 150
Does your dealership offer motorcycles and other Powersports vehicles? Then Torque Group’s Powersports GAP 150 will make ownership stress-free for your customers. Please feel free to contact Torque Group at (800) 859-0590 to discuss your customers’ and dealership’s F&I needs. We’d be glad to discuss options with you.
