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Discussion Starter · #1 ·
Well I was woundering if people think the GAP insurance is worth it on the new golf..... will need to decide bytme my car is built sometime in Feb [:D]

Cheers

Chris
 

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I took it but couldn't tell you if it was worth it because I haven't had to use it [;)]

Can't remember how much it was
 

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i took it only cos my car cost ?18k with all the options, if it gets written off in 2yrs 11months it'll probs only be worth ?9-10k thats ?8-9k different

my mrs bought a yaris for ?8k and she didnt take it cos the difference would be less.

cjp2k i guess your car will be around ?13k new? so for me it would be on the borderline, up to you really
 

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I took it out on my 1yr old Cupra when i bought it. Cost me ?349.

According to the info i got with it, it will cover the difference between your insurance payout and the purchase value for a set number of years (3 i think). Thats my understanding of it at least..
 

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Discussion Starter · #7 ·
13k i wish!

The value of the car is around 17k with the options!

But its not costing that because of the replacement because of the problems I had with my current car etc etc etc

Basically they are buying my car bak off me for like just under 1k less than we paid for it etc.

And the list price of the one I am getting is around the 17k mark (around waht i paid for the golf I am driving now) so probs worth it then
 

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You would be wise to bite their hand off at that price. Then it doesn't matter what derisory offer your insurer makes if your car is written off.

If you are leasing the car, it is even more important as the total loss settlement (based on market value) is often nowhere near the amount of money remaining owed on the finance.
 

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I didn't take it.

If your car gets stolen or written off at any point, your insurance will give you money for a replacement of equal value. In other words apart from loosing your excess you are no better or worse off than you were before.

Except of course that you might not be able to find another car of the same spec. as your own, and of course people outside of this forum may not be as caring towards their golfs as we are!

- it is against this that you are insuring with GAP. Personally, i felt they were asking too much.
 

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Take it!

I didn't when I bought my elise a couple of years back and lost a lot of money on it when it was written off a few months later (even after managing to haggle the insurance company up ?3k from their original offer[:O])- seems like it'll never happen, but imagine if you didn't take it and the worst happened, you could be looking at additional costs running into thousands for the sake of a couple of hundred quid up front
 

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They never offered it to me at the dealership - a letter turned up on my doorstep a month later saying they'd forgotten and would like to offer it to me; the letters been sitting in the office for a while, don't think I'm going to bother. After all ?300 is a long way towards a Milltek [:D]
 

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Bowdie is spot on...... i gladly handed over ?350 to know that should the unthinkable happen, i'll be covered.
 

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some one i know got a brand new "SRI VECTRA" AND SPENT 3K ON OPITIONS OUCH" all in all 17/18k ish some one run in back off her and ins only paid 9k only had car 20 months
 

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Discussion Starter · #16 ·
Ok think i will take it then... gonna try to get the one i bort on this car transfered onto the new 1!

Hears hoping!
 

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It's one of those things that is money well spent if you need it but a total rip-off if you don't. I kind of see it like one of those extended guarantees they offer you with a telly so didn't bother.

For anyone who wants the piece of mind though it is probably looking into getting it yourself independently. As with everything else supplied by the dealer or any third party, they are in it to make money!
 

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Quote: posted by cjp2k on 02/12/2004 21:52:34

Never thought of going third party!

That maybe a good idea! {:)}

You could do ?15k of damage to your ?17k car and it wouldnt be written off though!
 

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Quote: posted by col.mc on 03/12/2004 09:01:01

Quote: posted by cjp2k on 02/12/2004 21:52:34

Never thought of going third party!

That maybe a good idea! {:)}

You could do ?15k of damage to your ?17k car and it wouldnt be written off though!

I thought insurance companies wrote off a car if the damamge was more than 60% of the value[?]
 
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