GAP insurance

Discussion in 'Insurance & Finance' started by Meldrew2, Jun 9, 2015.

  1. Meldrew2

    Meldrew2 MB Enthusiast

    Messages:
    2,123
    Joined:
    Aug 23, 2008
    Location:
    Southport
    Car:
    Mine: BMW X4 2.0d M-Sport & BMW 420d M-Sport+ Cabrio Hers: BMW X1 2.0d M-Sport (sorry, guys)
    It's certainly worth shopping around.

    In my case, quotes are for return to Invoice - maximum payout is £10K.

    Dealer - £300 for 3 years, £400 for 4 years. On line, £186 for 5 years.

    The sales manager didn't seem surprised that I declined the insurance when collecting the car yesterday; I didn't say why; after all he doesn't decide the prices.
     
  2. Happytalk73

    Happytalk73 MB Enthusiast

    Messages:
    5,901
    Joined:
    Sep 10, 2015
    Location:
    Uk
    Car:
    Vito
    Sorry to bring this up again but I need advise/help on the subject

    I'm waiting delivery of a New C Class on a 3 year personal lease. Questions as follows:

    1) would you advise to take out GAP?

    2) if so, how much for? (eg. £5k, £10k, £15k etc)

    3) can you recommend a company?

    4) how much is it likely to cost?

    5) is it a one off payment to cover the term of the lease (3 years) or annual?

    The lease company want £299.99

    Thank you in advance for any help.

    Ant
     
  3. Happytalk73

    Happytalk73 MB Enthusiast

    Messages:
    5,901
    Joined:
    Sep 10, 2015
    Location:
    Uk
    Car:
    Vito
    Sorry again, just need to ask again.

    Ant
     
  4. regbuser

    regbuser Active Member

    Messages:
    437
    Joined:
    Sep 24, 2013
    Car:
    CLS 350d
    I took out return to invoice with ALA for £108 (2 years)

    Will I do it with the new car? Possibly not..
     
  5. Rory

    Rory MB Enthusiast

    Messages:
    7,332
    Joined:
    Mar 12, 2005
    Location:
    Cheshire, UK
    Car:
    C270CDi Estate (late 2004 facelift model)
    It's a bit messy with lease cars as the usual arrangement is that the lease is terminated and the lease company comes up with a settlement figure. The payout from your insurance may or may not be enough - if it's not enough, then you have to pay the difference. You could do with clarifying what the lease company's procedure is. They'll rarely accept a replacement car if your insurance company offers this and your insurance company won't usually give you that value either, they'll just pay what the car was worth at the time.

    As mentioned above, ALA seem pretty competitive in this area and if you join thr Pistonheads forum there's an additional discount available.

    Prices you've been quoted don't seem too horrendous though - just bought a £30K VW and the dealer wanted £750 for vehicle replacement GAP for 3yrs. Same thing with ALA was £199, before discount.
     
    1 person likes this.
  6. Happytalk73

    Happytalk73 MB Enthusiast

    Messages:
    5,901
    Joined:
    Sep 10, 2015
    Location:
    Uk
    Car:
    Vito
    Thanks for the info.

    Ant
     
Tags:

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.