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Gap insurance.. Yes or No?

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  • arden
    replied
    GAP on a 20 grand car is a must !!

    just think in 2 yrs time if your cars a total loss in an accident and is booked at say 13 grand your GAP insurance will make up the differance to the amount you paid originally for the car

    cant go wrong for 300 kwid :wink:

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  • Redvxr23
    replied
    I got it >>>>

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  • BO55 VXR
    replied
    IIRC, there are three types of GAP....

    1. Pays off the remaining Finance
    2. Pays for "new for old" replacement
    3. Pays up to the full price you paid

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  • skylinegtrsteve
    replied
    YES... you gotta have it.. i have and peace of mind is the result.

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  • VX Mel
    replied
    Originally posted by Robbieben
    Max payout of the GAP policy is £15k but on a new car worth say £20k it's well worthwhile, the way GAP Ins works is:

    Car is stolen at 2 weeks old, your own car insurance company offer current market value, which would be say £18k, so then GAP step in and pay the extra £2k to allow you to replace your stolen car with the same car new from a dealer.
    now i get it... sorry for the really dumb statement....

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  • Flash
    replied
    Just make sure you're getting replacement Gap for that price as invoice price Gap insurance is much cheaper elsewhere, quotes I've had today are;

    Replacement GAP = £289.04
    Invoice Gap = £243.85

    These were cover for 3 years £15,000 limit .

    I took out replacement Gap when I had my VXR over a year ago, car cost £22,000 approx, value today £15,000-£16000 so in my eyes well worth it as I don't think my insurance would give me anywhere near the £22K.

    click here for quotes

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  • comms666
    replied
    DO IT................................

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  • Robbieben
    replied
    Originally posted by VXR - xtc
    im sure i read the max payout was £15k on the policy i looked at so thought that's a bit pointless when the car is worth £20k...
    Max payout of the GAP policy is £15k but on a new car worth say £20k it's well worthwhile, the way GAP Ins works is:

    Car is stolen at 2 weeks old, your own car insurance company offer current market value, which would be say £18k, so then GAP step in and pay the extra £2k to allow you to replace your stolen car with the same car new from a dealer.
    Well worth having GAP cover unless your own car insurance will replace like for like, my own car insurance is like for like in first 2 years so GAP of no major benefit to me, but to some for £300 it's well worth having just in case the worst should happen

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  • cae2020
    replied
    No at the end of the day you will never get what the car is actually worth back if it gets nicked !! and also the guy that is selling you the car will push you to take it out as he will make more money.

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  • VX Mel
    replied
    im sure i read the max payout was £15k on the policy i looked at so thought that's a bit pointless when the car is worth £20k...

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  • Stim1961
    replied
    gap insurance is well worth having
    everyone knows how bad my luck is

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  • vxrdave
    replied
    thats a yes from me too i have it.

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  • VXRobF
    replied
    Yes chap, go for it some insurers offer it for your first year with them as a customer, but £300 for 3 yrs there's no reason not to!

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  • vxrdilly
    replied
    I think so,we got it for our Tigra,my Father in Law was a Vauxhall salesman for 40 years and he said he is getting it when he buys his car soon

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  • kingcobbler
    replied
    I am still thinking about it.

    Have a look online. There are companies out there much cheaper for the save coverage then Vx's cover.

    Leave a comment:

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