[edowen]

inevitably the dealer will try and sell me gap insurance...

Please can folks let me know the best price they have paid from a main stealer for gap to invoice on a 25-30k car?

[m1bjr]

Dont buy at the dealer.
(You mean back to invoice GAP)

They will rob you and the cover will be no better than buying on the internet.
Do a search...

[edowen]

ta, ok. Who to stealers use (i.e. who is their cover backed off to?)

[BGM]

Originally Posted by edowen

ta, ok. Who to stealers use (i.e. who is their cover backed off to?)

don't know or care, just get one off the net

i paid £140 for my RTI policy for a £25k car

[toxicnerve]

Originally Posted by BGM

don't know or care, just get one off the net

i paid £140 for my RTI policy for a £25k car

For what length of cover?

[edowen]

Originally Posted by BGM

don't know or care, just get one off the net

i paid £140 for my RTI policy for a £25k car

ta. who did you use?

[BGM]

sorry 3 years

[toxicnerve]

That's pretty good. IIRC I paid £325 for a 4 years cover for a £35k car. I was pretty close to the quotes I got online (from the likes of click4gap).

[BGM]

friend i work with paid £20 PER MONTH on top of his finance because he bought GAP from the dealer..

i laughed for about an hour when he told me..

[CoopersE90]

I got RTV (Return to Value) for my 1year old e91 320 SE, paid £18k for it but it's value at the time according to ALA was £23k - over 4 years worked out at £250ish IIRC. Best peace of mind ever as it will cover the finance charge shortfall and the value of the car if I stack it any time over 4 years. They didn't care that I only paid £18k for it. Pretty happy with that result.

[creepy coupe]

As said, don't use the dealer unless they quote sub £200. I paid £175 on my 335i

If it's a new car, check with you own insurance, as many offer the first years back to invoice on new purchases FOC. Already included in you fully comp policy.

[NFS]

I am paying £110 for 4 years cover as part of my finance deal.

[davyk31]

Somewhere in the region of £140 to £180 should be about right for 3 years cover , 20k limit. You can probably lower the claim limit to say 15k but worth playing around on quote websites as sometimes you can get 20k cover for little more than say 15k, you may not ever need the full 20k but peace of mind to know you are well covered. I use Surf and Protect and have found them very helpful, you can use an online chat function to ask any questions including the " whats your best price" question!!

[Gazi]

I think I am going for the Vehicle replacement 4yrs 25k limit... best quote so far is £279 from Easygap.co.uk

[davyk31]

Why go vehicle replacement ? Will you really want exactly the same car say 3.5 years down the line? I would prefer the back to invoice option so you get your cash and can buy what you fancy.

[Burton]

Originally Posted by davyk31

Why go vehicle replacement ? Will you really want exactly the same car say 3.5 years down the line? I would prefer the back to invoice option so you get your cash and can buy what you fancy.

Depending on who your GAP policy is with you get total vehicle value back in cash so you are still free to choose another dealer, brand and type of car. This is something I went for on the basis that I paid cash and obtained a heavy discount on the original car price and apart from depretiation the new car replacement value will probably increase over the years with inflation etc.

Return to invoice would not buy the same car without going through all the haggling and promotional offer scenarios that were originally present.

The only potential for a grey area might be when your model is obsolete and the value is based on the nearest new model equivelent.

It all depends on individual circumstances and attitude to risk....GAP is only good for writing your car off, which I believe is low in the probability stats, but sods law sometimes happens!

[BGM]

i have never met the conditions for vehicle replacement GAP.. but it would certainly be something to consider when buying a new car for sure

[335ier]

Originally Posted by BGM

friend i work with paid £20 PER MONTH on top of his finance because he bought GAP from the dealer..

i laughed for about an hour when he told me..

Yes this sounds like a lot however there is a lot more to the dealers GAP than you think. IE it covers a lot of moneys worth of smart repairs! which depending on how bothered you are about keeping nice looking alloys paintwork etc can be worth the money.

[m1bjr]

Dont forget.

You dont need to cover the entire cost of the car.
Only the potential shortfall or depreciation.

No point on a £20K policy over 3 years on a £18 AUC for example, £10K would cover it.
Resoning being it probably wont lose more than 10k in three years (value then at 8k).
Only pay for what you need - more is wasted premium

[scottishpete]

I took mine from Ala after some reviews with a person that claimed from them

[m1bjr]

Originally Posted by scottishpete

I took mine from Ala after some reviews

The Muslim chap?