MK5 Golf GTI

All Things Mk5 => Mk5 General Area => Topic started by: pben47 on April 19, 2011, 11:56:48 pm

Title: GAP insurance
Post by: pben47 on April 19, 2011, 11:56:48 pm

Been offered GAP insurance from a dealer as a sweetener for a deal. Has anyone any experience of this, good, bad, worthwhile, load of cr*p etc.

Cheers

Title: Re: GAP insurance
Post by: Betty02 on April 20, 2011, 09:15:39 am

I ALWAYS take it out, not matter how much you value your car it via insurance they will not pay out over the odds, so if your car gets written off in the first 2-3 years then they will probably pay out less then what you owe on finance, this leaving you in a sticky situation. This is where GAP comes in as they pay the additional GAP of money missing so your not out of pocket.

My GAP always works out as 1 extra monthly payment so say your paying £200 a month over 48 months, it will be 3200 a month over 49 months.

Nothing major and something I will always advise people to take!

Title: Re: GAP insurance
Post by: wagonboy on April 20, 2011, 09:23:26 am

Quote from: pben47 on April 19, 2011, 11:56:48 pm

Been offered GAP insurance from a dealer as a sweetener for a deal. Has anyone any experience of this, good, bad, worthwhile, load of cr*p etc.

Cheers

Ditto.....well worth taking it, i took it out when i bought my Ed30. Apart from an unfortunate accident which could write your car off,  these cars are desirable to a  thief . Definately have it.
Chris.

Title: Re: GAP insurance
Post by: bacillus on April 20, 2011, 10:37:33 am

Make sure it's gap to invoice you're getting.

Title: Re: GAP insurance
Post by: 182_blue on April 20, 2011, 10:40:55 am

I got it thrown in for free

Title: Re: GAP insurance
Post by: pben47 on April 20, 2011, 11:24:22 am

Thanks to you all for the responses.

 :happy2: