Well I decided to buy 3 years GAP insurance from the dealer. Return to Invoice £148. Thought what the heck when you're parting with loads of money, what's another £148!
Gap insurance?
- Thread starter Ryanytchan
- Start date
I have to insure with Direct Line as well to get the benefit of the Additional Driver no claim discount history (ended up as £160 as opposed to Audi Insurance quote of £900+). However I have £11k of extras on the car and I am afraid my reading of the Direct Line policy document did not give me comfort that Direct Line would replace my car in the first year, so this has caused me to buy GAP insurance, and not to defer the start date.
I would advise everybody to read their insurance policy documents carefully before deciding to defer a GAP start date.
What the Direct Line Policy actually says is : (my highlighting)
"If your car is less than one year old ...........we will replace it with one of the same make and model.......We can only do this if a replacement car is available in the UK..............If a suitable replacement car is not available................we will pay you the market value of your car"
In my case I know a car with my combination of extras will not be available, so no doubt they would offer me something else they considered suitable, but I would not.
Tom
I am currently insured with LV and their replace car clause is different...
New car replacement
If you are the first and only registered owner, within 12 months of buying the car from new and the estimated cost of repairing the damage is more than 50% of the manufacturers list price (including taxes and accessories) when the damage or loss happened; or
itâs stolen and not recovered, weâll replace your car with a new one of the same make, model and specification. If one is not available in the UK, weâll pay you the price you paid for your car or the current manufacturerâs list price (including taxes) whichever is less.
I have also got a quote from John Lewis Insurance recently and there wording is a little more vague:
In these circumstances, if you ask the us to, we will replace the car (and pay delivery charges tothe address shown on your current schedule orany other address we agree with you) with a new car of the same make, model and specification.
We will only do this if:
â we can buy a car straight away in the UK, and
â we have permission from the finance company (if this is how you bought the car and you have not finished paying for it).
I wonder how this would work with a replacement A3 if a new one had to be ordered from the factory as would normally be the case.
In these circumstances, if you ask the us to, we will replace the car (and pay delivery charges tothe address shown on your current schedule orany other address we agree with you) with a new car of the same make, model and specification.
We will only do this if:
â we can buy a car straight away in the UK, and
â we have permission from the finance company (if this is how you bought the car and you have not finished paying for it).
I wonder how this would work with a replacement A3 if a new one had to be ordered from the factory as would normally be the case.
I got quoted £395 by my dealer for GAP insurance for my new A3
Sounds a bit high to me, so I'll probably go with a reputable independent company.
Sounds a bit high to me, so I'll probably go with a reputable independent company.
My quote from ALA (Gap Insurance - Featured by Which? | Buy Online with ALA) is £188 for 3-years vehicle replacement, vehicle value £32,000, GAP claim limit £20,000.
If you buy from them they also do 3-year Alloy wheel (£169) and Scratch and Dent (£219) cover as well as 1-year (£500) Excess insurance (£35). The whole package works out only £11 more than my dealer wants for the Alloy wheel and Scratch and Dent and even that is a discounted price from £899 to £599.
Not decided yet exactly what to go for...
simple really because many people don't realise they are in the driving seat and can either knock the dealer down or get it cheaper elsewhere. to some people the price the dealer quotes is set in stone
My quote from gapinsurance123.co.uk worked out a little cheaper than ALA at £139 for Return to Invoive and £169 for car replacement. I don't think gapinsurance123 offer any of the other insurances offered by ALA.
I like Vehicle Replacement.
It's only like another £20, and will cater for the price increase of an identical model in years 2 or 3.
But it's your choice, of course.
edit:
The other reason for choosing Vehicle Replacement is - What exactly does "Return to Invoice" mean? Before or After discount? I've bought my £36k car for £32k, the price on the invoice is £32k. So does that mean they will give me £32k and I have to find someone willing to do the same deal? Or do they give their dealer £32 and you get a £32k car instead of a £36k car.
It's only like another £20, and will cater for the price increase of an identical model in years 2 or 3.
But it's your choice, of course.
edit:
The other reason for choosing Vehicle Replacement is - What exactly does "Return to Invoice" mean? Before or After discount? I've bought my £36k car for £32k, the price on the invoice is £32k. So does that mean they will give me £32k and I have to find someone willing to do the same deal? Or do they give their dealer £32 and you get a £32k car instead of a £36k car.
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Your choice really. With Return to invoice you should end up with what you paid for the car when you bought it. Vehicle Replacement means you will get a new car with the same spec as your existing. One covers prices increases, one does not. According to my quotes £23 to cover any increase in the cost of the replacement car.
Psyman79
Sarcasm is hard on a forum ;)
ala will price match plus 20% of the difference extra
eg £200 gap123 and £220 ala - they'll match to £200 plus give you an extra £4, which is 20% of the difference of £20 - so itll be £196, if you follow that
ala insurance is uk based and gap123 is Gibraltar based - may not make much difference but worth noting
with return to invoice you have to be careful - some will return to the amount you paid eg rrp at the time you bought it-less discount and some will return to the amount at rrp at the time you bought it. I asked ala and gap123 that very question -
ala came back in minutes and I was impressed with their overall professionalism but I cant say how good they are as ive never, and hope I don't, have claimed. ala were the amount at rrp at the time you bought it
im still waiting on gap123 some 6 weeks later
agreed my dealer started at £970 I think and gave up at £371 as I told him ala were offering better cover for £219. people think audi will be better but they are only underwritten by an insurance company, similar to one underwritten by eg gap123 or ala
it says " will replace with a new one of the same make, model, and specification" to me specification, in this text, would mean optional extras.
Just taken out Vehicle Replacement GAP with ALA.
They price matched plus additional 20% off nearest competitive quote.
They price matched plus additional 20% off nearest competitive quote.
Paid 240 for 3 years at audi dealer £35k
Correction as one of my stalkers has picked me up on this.. Was originally offered Audi Gap at £240 , when I refused they sold at cost price £148 .....
Correction as one of my stalkers has picked me up on this.. Was originally offered Audi Gap at £240 , when I refused they sold at cost price £148 .....
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I've taken out the same Vehicle Replacement GAP with ALA as well. Again price matched plus 20% off.
My figure worked out at £165.20 after the price match for 3 years based on car value of £32k.
Need to do this too (although I currently have new for old for the first year with my current insurers)... Any idea who the best competitor to get ALA to price match against (£33k car value).
You say you paid £240 for 3 years for £35k. What happened to the £148 and your comment in another post "So why are people apparently happy to pay more?? "
And your point is?
Dealer wanted £240 and when I refused was sold it at cost £148.. whatever... not sure it's worth it but who knows.
Back to my knitting ;-0
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Just wanted to be clear what you paid as your post said "PAID £240...
Don't drop any stitches
All I can say is Dave... I can't be ***** with such debates which are futile.
I paid £148 (just checked) a price I was happy with. I have never bought Gap before but it was a good price.. end off.. Covers replacement vehicle for 3 years £34/5k after near 10% discount.
I paid £148 (just checked) a price I was happy with. I have never bought Gap before but it was a good price.. end off.. Covers replacement vehicle for 3 years £34/5k after near 10% discount.
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If you can't be "*****" as your put it with such debates, don't bother to post in a thread entitled GAP INSURANCE and quote figures that you say you have paid (and get them wrong).
I paid £350 for GAP with Audi, but they also through in Tyre and Wheel Insurance, Smart Insurance and Key Insurance for 3 years as well. All that for 3 years seems pretty decent.
If you got your facts right in the first place I wouldn't have the need to clarify them.
So you are picking up people's mistakes on posts? Are you a moderator or just bored?
