Warranty firm WMS Group has launched a new product into the GAP insurance sector.
It's an expansion of its Safe and Sound brand, which will allow used car buyers to purchase their GAP policy on a rolling monthly payment basis.
John Colinswood, managing director of the WMS Group, said: "GAP polices have always been an important product for used car dealers to add value over and above car sales.
"However when buying a used vehicle customers are very often on a fixed budget, the extra money required to finance a GAP policy is simply not available at the time of purchase.
"Therefore to meet this demand and help our dealers increase their profits we have developed a new Safe and Sound GAP policy which allows customers to pay for their policy on a monthly basis and protect their asset in the event of an insurance write off."