WARRANTIES AND EXTENDED SERVICE CONTRACTS
TO READ WHAT IS COVERED UNDER NJ STATE LEMON LAW WARRANTY PLEASE CLICK HERE.
HERE AT OCEAN AVENUE WE EITHER MEET OR EXCEED THE NJ STATE LEMON LAW WARRANTY. HOW DO WE DO THIS? NJ LEMON LAW READS THAT ANY VEHICLE WITH OVER 100,000 MILES ON THE ODOMETER OR ANY VEHICLE OLDER THAN 7 MODEL YEARS IS CLASSIFIED "AS IS". WE HAVE MANY VEHICLE IN OUR LARGE SELECTION THAT FALL UNDER THESE GUIDELINES, BUT WE STILL SELL THEM WITH A GUARANTEE AT NO EXTRA CHARGE AND ALSO GUARANTEE STATE INSPECTION ON THESE UNITS.
WE ARE PLEASED TO PUBLICIZE THAT WE ARE AFFILIATED WITH 4 OF THE BEST EXTENDED SERVICE CONTRACT COMPANIES IN THE UNITED STATES. WITH ANY OF THE VEHICLES THAT WE SELL THAT WE GUARANTEE, WE CAN OFFER OUR CUSTOMER AN EXTENDED SERVICE CONTRACT TO COVER THEIR PURCHASE FOR EITHER A LONGER TERM AND/OR MORE EXTENSIVE COVERAGE.
ALL CERTIFIED VEHICLES INCLUDE A 6 MONTH/6,000 MILE SERVICE CONTRACT THROUGH ONE OF OUR EXTENDED SERVICE CONTRACT COMPANIES. IF YOU PURCHASE A CERTIFIED VEHICLE, YOU CAN UPGRADE YOUR CERTIFIED SERVICE CONTRACT FOR MORE YEARS, ADDITIONAL MILEAGE OR UPGRADE COVERAGE. PURCHASING A CERTIFIED VEHICLE IS ONE OF THE SMARTEST WAYS TO BUY A VEHICLE.
HOW CAN YOU PAY FOR AN EXTENDED SERVICE CONTRACT? THERE ARE 4 WAYS TO PURCHASE AN EXTENDED SERVICE CONTRACT, FIRST, YOU CAN ADD IT TO THE FINANCE AGREEMENT ON YOU VEHICLE PURCHASE (PENDING CREDIT APPROVAL), SECOND, PAY CASH, THIRD, USE A MAJOR CREDIT CARD OR THE FORTH WAY IS TO FINANCE IT AT 0% THROUGH THE SERVICE CONTRACT COMPANY FOR UP TO 18 MONTHS.
CAN I PURCHASE AN EXTENDED SERVICE CONTRACT FOR A VEHICLE NOT PURCHASED AT OCEAN AVENUE AUTO SALES? THE ANSWER IS SIMPLE, YES YOU CAN. IF A CUSTOMER WHO DID NOT BUY A VEHICLE THROUGH OUR DEALERSHIP, ALL THEY HAVE TO DO IS CALL AND GIVE US THEIR VEHICLE ID NUMBER AND THE MILEAGE ON THE VEHICLE AND WE CAN GIVE THEM A QUOTE ON WHAT THE CONTRACT WILL COST THEM. IF THE CUSTOMER WANT TO PURCHASE THE CONTRACT THEY NEED TO BRING THE VEHICLE IN FOR A CERTIFICATION. THE CERTIFICATION COST $95.00. FOR $95.00 WE WILL EXAMINE AND ROAD TEST THE VEHICLE, CHANGE THE OIL & FILTER, ROTATE THE TIRES AND DO A 127 POINT INSPECTION. ONCE DEEMED CERTIFIED, YOU CAN PURCHASE THE CONTRACT.
â€‹GUARANTEED AUTO PROTECTION (GAP)
Our Guaranteed Auto Protection (GAP) program will help customers protect their vehicle investment, avoid a serious financial loss and help repay their auto loan in the event of a total loss. In the event a covered vehicle is totaled or stolen, GAP will pay the difference between the outstanding loan balance at the time of loss and the Actual Cash Value of the vehicle (certain deductions may apply). GAP may also cover up to $1,000 of the borrower's primary insurance deductible. GAP does not cover any refundable amounts from items such as service contracts, warranties, etc. that may be included in the original loan amount. GAP also does not cover late charges, fees assessed to the loan after inception, unearned interest, or any interest accrued after the date of loss.
Realizing the Importance of GAP
To understand and realize the importance of offering GAP, it's important to see how the absence of GAP coverage can cause a significant problem. Let’s assume that a vehicle is totaled one year after purchase. The borrower's primary insurance company pays the claim based on the Actual Cash Value (ACV) of the vehicle, not the outstanding loan balance. That be said, not having GAP, could leave you owing thousand of dollars to the bank and not having a vehicle to drive. With GAP coverage, the deficiency balance will be paid, leave you owing little or nothing. Without GAP, your customer remains liable to their lender for the full deficiency balance. The Gap Company we use here at Ocean Avenue Auto Sale is CARco Gap.
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