Gap cover - worth the 300 quid?

Discussion in 'Leon Mk2' started by M6TT F, Feb 20, 2011.

  1. M6TT F

    M6TT F Full Member

    Joined:
    Dec 27, 2009
    Messages:
    209
    Likes Received:
    0
    Got the option to take out gap insurance on my leon. It's 300 quid which doesn't seem too bad. How long does gap cover last for exactly? Is it just the length of the. Loan term? Did you take it out?
     
  2. M6TT F

    M6TT F Full Member

    Joined:
    Dec 27, 2009
    Messages:
    209
    Likes Received:
    0
    Oops wrong forum - sorry mods, will repost
     
  3. M6TT F

    M6TT F Full Member

    Joined:
    Dec 27, 2009
    Messages:
    209
    Likes Received:
    0
    Gap cover, worth the 300 quid?

    Got the option to take out gap insurance on my leon. It's 300 quid which doesn't seem too bad. How long does gap cover last for exactly? Is it just the length of the. Loan term? Did you take it out?
     
  4. m0rk

    m0rk sarcasm comes free

    Joined:
    May 19, 2001
    Messages:
    29,462
    Likes Received:
    14
    http://www.click4gap.co.uk/intermediary.asp

    There's some good descriptions there - do not buy from your dealer.

    Return to Invoice gap cover is what you want if you have a new car though...

    And don't forget quidco (if you use that)
     
  5. M6TT F

    M6TT F Full Member

    Joined:
    Dec 27, 2009
    Messages:
    209
    Likes Received:
    0
    The car is 3 years old, so which cover should I be looking at?
     
  6. m0rk

    m0rk sarcasm comes free

    Joined:
    May 19, 2001
    Messages:
    29,462
    Likes Received:
    14
    How did you fund the purchase?

    But RTI cover is to pay the shortfall between what the insurance pay out, and what the car cost you.
     
  7. M6TT F

    M6TT F Full Member

    Joined:
    Dec 27, 2009
    Messages:
    209
    Likes Received:
    0
    Ahh makes sense now, RTI cover for my case then. Wow! That's a lot cheaper than the dealer! Thanks for the link
     
  8. m0rk

    m0rk sarcasm comes free

    Joined:
    May 19, 2001
    Messages:
    29,462
    Likes Received:
    14
    £22.50 via quidco to be saved also
     
  9. M6TT F

    M6TT F Full Member

    Joined:
    Dec 27, 2009
    Messages:
    209
    Likes Received:
    0
    Loan from the bank and trade in of current vehicle
     
  10. M6TT F

    M6TT F Full Member

    Joined:
    Dec 27, 2009
    Messages:
    209
    Likes Received:
    0
    Never used quidco - do I have to pay to sign up? How does it work?
     
  11. m0rk

    m0rk sarcasm comes free

    Joined:
    May 19, 2001
    Messages:
    29,462
    Likes Received:
    14
    Sign up (for free) - go to their site, search for the merchant you want to buy from, click their link - buy insurance.

    They take the first £5 you 'earn' each year for the service, and you get the rest paid into your bank

    I make just under £1000/yr from that
     

Share This Page