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Honoring Existing Dealer Benefits
If a customer purchased a vehicle from another dealership and your dealership wants to honor their existing benefits, here’s how it works:
- Service Contract Transfer – Some warranties, maintenance plans, and GAP insurance may be transferable. Check the contract terms.
- We Owe Statement – If their previous dealer promised benefits, your dealership can choose to match or recognize them.
- Refundable Add-Ons – If they financed the vehicle and paid off the loan, they may be eligible for a refund on extended warranties or maintenance plans.
- Dealer Benefit Matching – Your dealership may offer equivalent benefits to retain the customer’s service or warranty coverage.