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Drago
Legendary Member
- Location
- Suburban Poshshire
Check thoroughly before buying. Most insurers will replace old for new if the car is less than 2 years old, so you may only want the final year underwriting
Levo-Lon
Guru
Very few do 24month..nearly 90% are a year on brand new.
My gap is on a 9month old car and lasts 3years from last weeks gap purchase date.
A guide here for just car insurance...and why gap is worth a look.
Never buy from the dealer..go on line for gap quotes as you will save 200 nearly every time against a dealer hard sell.
http://www.gocompare.com/car-insurance/new-car-replacement-cover/#pauG2G5f4WI5rSjl.97
My gap is on a 9month old car and lasts 3years from last weeks gap purchase date.
A guide here for just car insurance...and why gap is worth a look.
Never buy from the dealer..go on line for gap quotes as you will save 200 nearly every time against a dealer hard sell.
http://www.gocompare.com/car-insurance/new-car-replacement-cover/#pauG2G5f4WI5rSjl.97
Last edited:
Drago
Legendary Member
- Location
- Suburban Poshshire
My last 4 insurers have all been 2 years. Currently with Police Mutual, underwritten by Zurich, who do.
Even if its, say, one year, why pay for 3 years of GAP insurance on a 3 year loan/finance if the first year is already covered by the insurer? Wait until the end of year one is about to arrive then sign up for a further two years GAP cover.
Even better, don't get in hock for a mere car, but it's your money (or not, as the case may be).
Even if its, say, one year, why pay for 3 years of GAP insurance on a 3 year loan/finance if the first year is already covered by the insurer? Wait until the end of year one is about to arrive then sign up for a further two years GAP cover.
Even better, don't get in hock for a mere car, but it's your money (or not, as the case may be).
KnackeredBike
I do my own stunts
What are the chances of writing off a new car unless you are eighteen years old? Save the money and drive carefully instead.
Perhaps that same 18 year old driving into your car whilst parked or worst whilst your in it? Same issues of insurance payout vs cost of replacement exist!
[QUOTE 4776920, member: 45"]Vehicle Replacement or Return to Invoice?
I know the difference but don't fully understand the advantages of one over the other.
Anyone?[/QUOTE]
If your car list price is £30k but you bought it with say £5k discount so only paid £25k or in another example that car has now increased by say £5k and it gets written off:-
Replacement will buy a new car regardless of the fact that you only paid £25k or it has increased by £5k
Return to Invoice will pay the gap up to what you paid so in the above example, if you want to get the same car on the drive, you'll have to find £5k+
I know the difference but don't fully understand the advantages of one over the other.
Anyone?[/QUOTE]
If your car list price is £30k but you bought it with say £5k discount so only paid £25k or in another example that car has now increased by say £5k and it gets written off:-
Replacement will buy a new car regardless of the fact that you only paid £25k or it has increased by £5k
Return to Invoice will pay the gap up to what you paid so in the above example, if you want to get the same car on the drive, you'll have to find £5k+
