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Discussion Starter · #1 ·
I ordered my new car today and the sales guy tried to sell me some GAP Insurance for ?350 in case of a write off in the first three years. I was wondering if anyone else out there has taken up this, as I have not heard of it before. It seems a good idea but I am wary that there is some catch.
 

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I took it up when i bought my Mkiv. I thought there must be a catch, as the salesman made it out to be too good to be true. To date tho, i've not had to use it. So still have no idea whether it was worth the initial outlay.

It seemed good for peace of mind tho, and hopefully its a 'safe-guard' i'll never have to use.
 

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Worthwhile considering if you are planning to keep the car more than a year. If not it is a somewhat expensive product.
 

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It is worth it but do not pay ?350, I paid ?200 for it and yes that is the full invoice price returned as I don't have finance. Don't let them tell you it is a different policy as they all use the same and that includes Audi (which I paid ?200 with aswell)

The only things is if you modify the car in ANY way that will invalidate a claim.
 

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If you don't trust the dealer, and you're eligible to join the CSMA (Civil Service Motoring Association), they provide GAP cover from ?169 for 3 years so long as the car is not worth more than ?37.5k new.

If you take out the policy for a new car, they will pay up the difference between RRP and the insurance payout (minus your excess), so long as the total payout is not more than ?10k.

I'll apply soon within 2 weeks of vehicle delivery, and can report back on this forum.

To check eligibility to join the CSMA browse here: http://www.csma.uk.com I use CSMA for my breakdown, car insurance and home insurance, and save a packet! [^]

Cheers, Chalky (no, I don't work for CSMA, just enjoy the benefits!)
 

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Is it RTI or GAP ? RTI (return to invoice) is what you need, I have it on the Audi and had it on the R32 before that. Definitely worth ?200 - ?250 IMHO !
 

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Discussion Starter · #7 ·
I had a look at the leaflet last night and it is Total Loss Gap Protection. It seems to say everything of what ChalkyWhite quotes. So you think ?350 is expensive then?
 

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The question is, Do you plan on crashing your car in the first 3 years?

My rule of thumb, if your the kind of person to crash your car doing stupid stuff then it might well be worth while, but if you have 5+ years no claims and you drive sensibly then it may not be worth it...
 

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So are you saying that you should only take out GAP insurance if you drive stupidly and plan on crashing your car?!?!?

IMO that seems like a bit of a silly statement to make on here.
 

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How can it not be worth it... ?300-odd quid to get your money back should somebody nick or write off your car...!?
 

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Quote: posted by GerryD on 16/04/2005 10:52:28

I had a look at the leaflet last night and it is Total Loss Gap Protection. It seems to say everything of what ChalkyWhite quotes. So you think ?350 is expensive then?

YES, I was quoted ?399 and I just laughed and told them that I knew it cost more like ?150 and would take it for ?200 or I would leave it. The sales manager said he wasn't going to argue over a couple of hundred and I paid ?200 for it.

Dave Pollard - It is worth it if someone causes an accident and they are uninsured and if it gets stolen!. I have 9 years no claims but it doesn't mean that I won't have a crash in the next 3 years.
 

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In my experience it is worth it, as I had 2 cars stolen on the same night fortunately they were both GAP insured as the insurance company pay market rate for the cars, not dealer prices. That could be 2k per car if your motor gets stolen or written off within the first few weeks.

It's one of those things. I do understand people who say its a waste of money too. It just depends: do you feel lucky? Well do you? [:D]
 

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Discussion Starter · #13 ·
Thanks for the feedback. I don't have any intension of driving like an idiot but you can't account for others. So can you buy it off someone else if you don't get it off the dealer, and who are the best/cheapest companies for it.
 

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I would buy from the dealer and be done with it. Most banks offer it with loan payment protection - but not standalone ! The product from other companues is not always RTI.

I would buy it - you may be a safe driver, but there is no accounting for others.

Like I say i have it on the RS6 and if it gets written off the ins company would pay me ?50k ish but the RTI would top it up to what I paid for the car.
 

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Try and haggle with them on the price... but to be honest... 250 a year for peace of mind that it you write it off your safe... i think its worth it!
 

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Absolutely worth it. I know a couple of people who have been left with a massive shortfall to pay to the finance company after their insurance paid out, last thing you need when your car's been written off/stolen.
 

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I have bought A5 2.0 TDI S-Line

The dealer offers me GAP for 4 years £950 i think this is little bit to much.

Any sugestions???
You are right that is expensive....dealers earn good commission on GAP sales.

Google some of the other insurers for better quotes.
 
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