And that is the perfect explanation as to why GAP is a useful product. I'm on a PCP with a large deposit, so I would just order another new one too, but there would be more than enough equity to cover another deposit, hence why I don't require GAP.
As I said before, different needs require different solutions.
why are you on pcp with a large deposit. surely that defeats the whole reason for pcp, unless you intend on keeping the car after the pcp ends - I opted for 12.5% purely to keep my monthly payments as close as possible to my artificial budget but I wouldn't go higher.