Gap cover - worth the 300 quid?

M6TT F

Active Member
Dec 27, 2009
237
24
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?
 

M6TT F

Active Member
Dec 27, 2009
237
24
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?
 

m0rk

sarcasm comes free
Staff member
May 19, 2001
27,787
33
Clanfield, UK
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.
 

M6TT F

Active Member
Dec 27, 2009
237
24
Ahh makes sense now, RTI cover for my case then. Wow! That's a lot cheaper than the dealer! Thanks for the link
 

m0rk

sarcasm comes free
Staff member
May 19, 2001
27,787
33
Clanfield, UK
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