汽车贷款和销售融资合同中的消费者和担保资产保护(“GAP保护”):第一眼

T. Durkin, Gregory E. Elliehausen, Thomas W. Miller
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引用次数: 0

摘要

保证资产保护(GAP)保护购买者免受损失超过保险抵押品价值的金融风险,如果车辆成为全面损失。然而,令人惊讶的是,人们对这种自愿产品的销售情况以及消费者对它的态度知之甚少。在这项研究中,我们报告了密歇根大学调查研究中心(SRC)进行的一项具有代表性的全国性调查的结果。SRC在2020年秋季采访了1206个人。该调查显示,消费者购买GAP约占汽车融资交易的39%。消费者在面临较高的金融风险时更常购买GAP:信贷金额较大,贷款期限较长,收入水平较低。超过90%的GAP购买者表示,购买GAP是一个好主意,他们还会再次购买。只有约1%的受访买家对自己的选择表示不满。GAP购买的多变量模型表明,消费者的财务状况和交易条件比风险规避本身更重要。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Consumers and Guaranteed Asset Protection (“GAP Protection”) on Vehicle Loans and Sales-Financing Contracts: A First Look
Guaranteed Asset Protection (GAP) shields purchasers from financial risks of losses exceeding insured collateral values if vehicles become total losses. Yet surprisingly little is known about the sales of this voluntary product, or consumers’ attitudes toward it. In this study, we report the results of a representative national survey conducted by the Survey Research Center (SRC) of the University of Michigan. The SRC interviewed 1,206 individuals in the fall of 2020. This survey shows consumers purchased GAP about 39 percent of financed vehicle transactions. Consumers purchase GAP more often when there is a heightened financial risk: larger credit amounts, longer loan maturities, and lower income levels. More than 90 percent of GAP purchasers report that buying GAP is a good idea and that they would buy it again. Only about 1 percent of surveyed purchasers indicate dissatisfaction with their choice. A multivariate model of GAP purchase suggests that consumers’ financial situation and terms of the transaction are more important that risk aversion by itself.
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