Gap insurance
03-14-2002, 05:28 AM
#1
Registered User
Thread Starter
Join Date: Mar 2002
Location: Manchester
Posts: 18
Likes: 0
Received 0 Likes
on
0 Posts
Gap insurance
As an expectant owner (car due April) I was wondering what peoples feelings were on Gap insurance.
The sales manager at the dealer I am buying from explained this to me.
The basis seems to be that if I pay a
The sales manager at the dealer I am buying from explained this to me.
The basis seems to be that if I pay a
03-14-2002, 05:51 AM
#2
Registered User
Join Date: Jun 2001
Location: Ferndown, Dorset
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
Hmmm, I don't think he's explained that very well!
Gap insurance is used to cover the difference between an insurance payout (in the event of a total loss) and the total amount repayable under a finance plan.
e.g. Six months after receiving your new beauty (cost
Gap insurance is used to cover the difference between an insurance payout (in the event of a total loss) and the total amount repayable under a finance plan.
e.g. Six months after receiving your new beauty (cost
03-14-2002, 05:56 AM
#3
Registered User
Thread Starter
Join Date: Mar 2002
Location: Manchester
Posts: 18
Likes: 0
Received 0 Likes
on
0 Posts
Cheers - I thought it sounded a bit bizarre - guess I should have asked the dealer for more details but you know how it is when they are bombarding you with info. and all you really want to do is get out of there, limiting the wallet damage as much as you can.
What if you write off your car and 'suffer death' at the same time????????????????? - reading some of the threads on this board has given me a bit of a cause for concern in this area.
What if you write off your car and 'suffer death' at the same time????????????????? - reading some of the threads on this board has given me a bit of a cause for concern in this area.
Thread
Thread Starter
Forum
Replies
Last Post