Advice Re. Gap Insurance

[jonnyfeng]

Hi guys,

Can anyone shed some light on GAP insurance for me, I have always thought it useful if for example you were taking a car on lease for 2 years that it hugely beneficial.

I have ordered my latest car on a 4 year PCP so what is the best way to deal with GAP in this circumstance?

Is it beneficial in the first year as im sure fully comp insurance would cover the cost of the full value as it is within a year old? Is this right?

Also would it be beneficial in the last year as the car would have lost its bulk of depreciation so surely wouldnt be much different to the market value at this point?

Please correct me if im wrong, I will take out GAP if it is necessary but i dont want to pay for what might not be needed

Thanks

 

[JohnM100]

Jonny.

This has been discussed extensively on the forum - have you tried a search?

Peoples opinions differ but here you go:

http://www.audi-sport.net/xf/index.php?threads/Gap-insurance?.208392/

And here:
http://www.audi-sport.net/xf/index.php?threads/New-A3-Do-And-Don'ts.227385/


John.

 

[jonnyfeng]

Thanks John

For some reason search wasnt working for me timeout error or something

Thanks for the kick in the right direction!