GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: matchboy on 24 April 2013, 14:42
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Who's going for the GAP insurance then? Hopefully all of you! :nerd: My question is however, have you gone with your dealer and if so what price did you get it for? Or are you going elsewhere? I've been quoted £350 by my dealer and not a chance in hell I'm paying that much! :laugh:
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ALA plus use the 11% code that is freely floating around the net.
By far the cheapest when I was looking.
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ALA plus use the 11% code that is freely floating around the net.
By far the cheapest when I was looking.
Excellent; a quick search shows back to invoice cover at £129 - so that's not £350! Thanks!!
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Also go via quidco.com and get cashback :smiley:
It might not work if you also use a promotional code but you have nothing to lose.
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Good stuff P3asa!!
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I'm going for VRI not GAP, and got it free (after twisting the dealers arm) :whistle:
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I can see the benefit IF the worse happens, but to me it's insurance insurance. Just another add on that the dealer rolls into the drip package to boost his commission, along with wheel and tyre cover, smart repair insurance, paint sealant etc
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Who's going for the GAP insurance then? Hopefully all of you! :nerd: My question is however, have you gone with your dealer and if so what price did you get it for? Or are you going elsewhere? I've been quoted £350 by my dealer and not a chance in hell I'm paying that much! :laugh:
I used Car2cover for my Scirocco, not sure how they compare at this time tho
It was final gap 2 years £85
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I'll probably go ALA, 3 years, vehicle replacement, or via VW if they will price match. Not paying their full rip-off rate!
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I can see the benefit IF the worse happens, but to me it's insurance insurance. Just another add on that the dealer rolls into the drip package to boost his commission, along with wheel and tyre cover, smart repair insurance, paint sealant etc
I see where you're coming from but you can get it much cheaper online (see above) than the dealers, and the thing with GAP is you don't pay a premium for having a decent performance car. Golf GTi's and R's are very "nickable" cars and GAP cover to me is a no brainer on these types of car at £100 - £150 for 3 years cover.
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If I remember rightly, when the mk 6 GTI came out there were a lot of reports of owners having them nicked - from their driveways as well - for the sake of a ton I'd rather be insured to original invoice value. Also it only takes some plum to smash into the back of you (hopefully not obviously!) and write the car off - at least you have the peace of mind you'll get a brand new replacement.
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If I remember rightly, when the mk 6 GTI came out there were a lot of reports of owners having them nicked - from their driveways as well - for the sake of a ton I'd rather be insured to original invoice value. Also it only takes some plum to smash into the back of you (hopefully not obviously!) and write the car off - at least you have the peace of mind you'll get a brand new replacement.
GAP should be included in the Performance pack as it has bigger breaks then! :evil:
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My dealer has "given" me back to invoice GAP in addition to the deal negotiated on my last 2 cars, it's certainly not something i'd be paying £400 out for myself. I'm sure he'll get a big wedge of commission for it. I don't mind him giving it to me for free and netting himself a hundred quid in the process. I think you're far more likely to get a payout on write-off than non-recovered theft for most postcodes. If you want GAP and aren't being given it then like all insurance products - shop hard for the best price.
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This is the thread from my exploits of insurance and GAP.
I was lucky as you can see. But I will have GAP in future to be on the safe side.
http://www.golfgtiforum.co.uk/index.php?topic=246514.0
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This is the thread from my exploits of insurance and GAP.
I was lucky as you can see. But I will have GAP in future to be on the safe side.
http://www.golfgtiforum.co.uk/index.php?topic=246514.0
Aww man. :cry: I'm kicking my wife's car out of the garage and keeping my new GTI in there when it arrives!
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This is the thread from my exploits of insurance and GAP.
I was lucky as you can see. But I will have GAP in future to be on the safe side.
http://www.golfgtiforum.co.uk/index.php?topic=246514.0
f7ck me that is outrageous! just out of interest, what did you get to replace it?!
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This is the thread from my exploits of insurance and GAP.
I was lucky as you can see. But I will have GAP in future to be on the safe side.
http://www.golfgtiforum.co.uk/index.php?topic=246514.0
f7ck me that is outrageous! just out of interest, what did you get to replace it?!
Running around in a VW Fox till the new GTi arrives. Love the Fox (wind up windows and no central locking)
Just how cars used to be.. Oh happy days..
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Many, many moons ago I had a Seat Arosa (so a cheapo Fox) - ah, how I miss those days of sweating my nuts off with no air con and wind up windows.... :rolleyes:
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I remember warming the rear windscreen, with my mothers hair dryer, so that I could fit the 'stick on' heated rear window.
Sticking a front spotlight on the rear bumper for a reversing light.
And STP stickers on the side of the car to go faster.
Not to mention a Peco Exhaust
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:grin: Brilliant!!
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Sorry to raise an old thread.
I can see a couple of suggestions on here for alternative GAP insurance providers.
Is there any really good providers that anyone would recommend above all others? Like ones perhaps you've had to (unfortunately) deal with?
I've had GAP in the past on all new cars and never used it (luckily) so really doubted whether get it this time. Dealer basically want 400 for it though so surely must be able to get it cheaper else where from a reliable source.
As times getting closer I'm thinking I would rather have it now just in case, but £400 seems a bit steep :sad:
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Take insurance with direct line they give you back to involve price on a new car for 12 months as part of the policy...
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Take insurance with direct line they give you back to involve price on a new car for 12 months as part of the policy...
I think a number of insurers will provide a new replacement vehicle of the same make and spec if your car becomes the subject of a total loss claim or is stolen and not recovered within the first 12 months of vehicle registration. However, with the long wait most of you guys are experiencing, it would be interesting to see how quickly an insurer could get a new like for like specc'd GTI or GTD to settle a total loss or theft claim!
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What do most people go for? RTI or vehicle replacement. This will be the first policy I will be purchasing am I right in assuming on a RTI policy I will get paid the difference between value and the actual invoice price and with the vehicle replacement they will replace the vehicle like for like. I'm assuming with the final option, you have to use your insurance pay out to put towards the replacement vehicle.
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What do most people go for? RTI or vehicle replacement. This will be the first policy I will be purchasing am I right in assuming on a RTI policy I will get paid the difference between value and the actual invoice price and with the vehicle replacement they will replace the vehicle like for like. I'm assuming with the final option, you have to use your insurance pay out to put towards the replacement vehicle.
Yeah how does this work? I've had GAP before but as I understand it I would only have got the extra between the insurance payout and what I paid for the vehicle, which may or may not have covered the cost of a new replacement.
Lets say my car is written off or stolen. I want the same car same spec brand new replacement without having to pay a penny myself, apart from the damn premium rises of course. How do I go about archiving that?
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As I understand it, GAP is just that. The gap between what your insurers will cough up and the cost you paid for the car at invoice.
So if you want the identical model then that's down to you I guess. Mind you if it's written off very young then the insurance may well take care of replacement but I'd still want to be in control of that myself!
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I don't think either gap or rti would get you an identical car if between you buying and having a total loss vw put the prices up. they both mention market value in the tiny print but a place I've seen online did a very good explanation of three different policies and I'm sure one covered you for a full replacement including any price discrepancies.
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You want a return to invoice policy. Means your insurer pays the market value and the GAP pays the rest to whatever you originally paid. Ill be using ALA - unless my dealer can match the £125 quote, in which case I'm more than happy to give him the business. But given the conversation I had a month ago whereby he stated the cheapest he could do it was £300 it looks like ill be using ALA! :laugh:
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What do most people go for? RTI or vehicle replacement. This will be the first policy I will be purchasing am I right in assuming on a RTI policy I will get paid the difference between value and the actual invoice price and with the vehicle replacement they will replace the vehicle like for like. I'm assuming with the final option, you have to use your insurance pay out to put towards the replacement vehicle.
I intend to go for vehicle replacement, as I had my car stolen earlier this year and had nothing but problems with the insurance company trying to get it replaced. It was only 4 months old but because of the model change they refused to replace my Mk6 with a Mk7. After a lot of back and forth and involving the ombudsman I got them to order me a Mk7 and I had to meet the difference which wasn't too much thankfully. This time round I'll be getting GAP insurance from the beginning so I won't have the same hassle again.
What will Vehicle Replacement Gap Insurance do for you?
When a write off occurs, fully comprehensive insurers will only pay the market value at the time of write off. For example, in year 3 of ownership an insurer might pay 30 – 35% of the original vehicle purchase price, leaving the owner with an unexpected and unplanned expense.
Vehicle Replacement Gap Insurance will pay the difference between;
a) the insurers claim settlement, which will be the market value at time of write off and,
b) the cost of a replacement vehicle matching the original vehicle specification, age and mileage – even if the cost of doing so is more than the price of the original vehicle.
Vehicle manufacturers generally increase their prices annually at the approximate average rate of 2%. This alone can increase the price of a £25,000.00 vehicle by £2,000.00 over a four year period. Add to this the fact that manufacturers continually develop their ranges and launch upgrades and superceded models, often with better specification and this can similarly add a few thousand more to the cost of replacing with the nearest equivalent model. Harder to calculate is the availability of high discounts. In these difficult economic times dealers and manufacturers are often giving thousands of pounds off the advertised price to attract buyers. Will this be the case if you unexpectedly needed to replace your vehicle in 3 years time? With Vehicle Replacement Gap protection in place, you need not worry about price increases, model succession or reduced discounts and therefore replacing the vehicle will be much more pleasurable and will prevent a financial burden. Vehicle Replacement Gap Insurance is purchased by and suitable for cash buyers and financed buyers alike. Our Vehicle Replacement Gap Insurance policies are ‘combined’ policies which means that if the vehicle is financed via a dealer arranged plan and the lenders finance settlement figure exceeds the original vehicle invoice price, it will pay that higher figure.
Need to see an example? Click Here
A simple example of how Vehicle Replacement Gap Insurance works
A customer buys a car for £15,000.00.
After three years of ownership, the car is stolen and written off by the insurer.
The insurer agrees to pay the market value at time of write off which is £6,000.00.
The cost of replacing the original vehicle with a model, specification, age and mileage has risen in that two years by £1,500.00
In this example, the customer would need to find £10,500.00 to replace the original car.
Vehicle Replacement Gap Insurance would pay that difference of £10,500.00 directly to the customer to enable him / her to spend £16,500.00 on a replacement.
That was from the Car2Cover website.
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I'm probably going with "Back to Invoice", because if my car was written off after 2 years, I wouldn't expect to walk away with a brand new car. For the sake of around £120 for 3 years cover, it's not too bad, but then again, this kind of "insurance on insurance" and the stories they use to sell it...get's a bit frustrating, as it does with all of the other insurances they try and sell you for paint protection, wheels, tyres, scratches etc.
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I'm probably going with "Back to Invoice", because if my car was written off after 2 years, I wouldn't expect to walk away with a brand new car. For the sake of around £120 for 3 years cover, it's not too bad, but then again, this kind of "insurance on insurance" and the stories they use to sell it...get's a bit frustrating, as it does with all of the other insurances they try and sell you for paint protection, wheels, tyres, scratches etc.
Getting mine free, but it certainly isn't worth £400, somewhere around the £150 mark would be about right. RTI is the standard and least hassle. I suspect that a "vehicle replacement" scheme GAP could cause problems if the car changes, as in the case with EliteBajan. Would the GAP insurer look to be buying you a car they consider superior to the car it replaces, or would it cause issues?
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Getting mine free, but it certainly isn't worth £400, somewhere around the £150 mark would be about right. RTI is the standard and least hassle. I suspect that a "vehicle replacement" scheme GAP could cause problems if the car changes, as in the case with EliteBajan. Would the GAP insurer look to be buying you a car they consider superior to the car it replaces, or would it cause issues?
Exactly. RTI is less hassle, just pay the difference between what the insurance company pays and what was paid on the invoice. If the new car has increased in price since, and only higher specifications are available, you might have a bit of a shortfall to pay. But, in relative terms, so what?! If my car was a total loss and worth £15,000, I'd reasonably expect a £15,000 payout to replace it. The fact that the insurance company will pay less, and the GAP cover makes up the difference to what was originally paid...can't complain!
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I'm probably going with "Back to Invoice", because if my car was written off after 2 years, I wouldn't expect to walk away with a brand new car. For the sake of around £120 for 3 years cover, it's not too bad, but then again, this kind of "insurance on insurance" and the stories they use to sell it...get's a bit frustrating, as it does with all of the other insurances they try and sell you for paint protection, wheels, tyres, scratches etc.
Getting mine free, but it certainly isn't worth £400, somewhere around the £150 mark would be about right. RTI is the standard and least hassle. I suspect that a "vehicle replacement" scheme GAP could cause problems if the car changes, as in the case with EliteBajan. Would the GAP insurer look to be buying you a car they consider superior to the car it replaces, or would it cause issues?
Let me know if it actually is free from Mick as its on my invoice but supposed to be free!
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Let me know if it actually is free from Mick as its on my invoice but supposed to be free!
Was free with my Scirocco, was free for my dad, i'm expecting it to be free and yours should be too. If he has to creatively discount the car to the cost of the GAP and then charge for the GAP then i'm happy with that too. I'm sure Mick won't miss the opportunity to net himself £120 commission by giving you GAP.
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Im sure he wont. To be honest we are having to totally rework my invoice anyway due to the extended delays so hopefully will make the payments even cheaper :wink:
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Im sure he wont. To be honest we are having to totally rework my invoice anyway due to the extended delays so hopefully will make the payments even cheaper :wink:
Rework based on now greater equity in your Tiguan due to the wait? I need to get a final settlement amount, as I won't have another payment between now and likely GTD collection (solutions payments on the Scirocco are on the 8th of every month for me).
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Im sure he wont. To be honest we are having to totally rework my invoice anyway due to the extended delays so hopefully will make the payments even cheaper :wink:
Rework based on now greater equity in your Tiguan due to the wait? I need to get a final settlement amount, as I won't have another payment between now and likely GTD collection (solutions payments on the Scirocco are on the 8th of every month for me).
Yes now have an additional 1k equity (approx) so should be able to get all my additional options for the same price as originally quoted.
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Wow thanks for the info guys is my understanding right that Rti policies you just get money difference paid to you so you can organise another vehicle yourself? But nornal gap is a vehicle replacement sthle one where they try to do the replacing themselves? Who are this ALA that do it for 125?
EDIT: corrected awful typo's sorry, typed that one on my phone and the keyboard is awful.
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Wow thabks fornthe info guys.bsonis my understanding right that Rti policies you just get money diffdrence paid to you so you can orgsnize another vehicle yourself? But nornal gap is a vehicle replacement sthle one where they try to do the replacing themselves? Who are this ALA hat do it for 125?
That price will be for RTI, not vehicle replacement. That's around £190 or so from memory. But yes, your understanding is fundamentally correct, RTI will pay the different between what the insurance company pays out and what you paid for the car originally. Vehicle replacement guarantees you a brand new car of the same or better spec (depending on what's available) even if the OTR price of the car has increased in the meantime. ALA are quite reputable, I know a few people who have gone with them, but thankfully I can't say what their service is like as they have never had to use it! Vehicle replacement through your dealer wold probably wind up less hassle in the event of a claim.
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Thanks Gryzor, think I know what my decision will be after reading that. Appreciate the help from you and also everyone else, I didn't realise there was different kinds of the GAP insurance either, so certainly opened my eyes and helped me make my decision. I thought I'd chance without it, but as the day slowly draws closer to me getting my car I've gradually got more nervous.... (Just in case the worst happened!)
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I think its a definite on a highly desirable car like the GTI.
It would at least help me sleep better at night :grin:
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Thanks Gryzor, think I know what my decision will be after reading that. Appreciate the help from you and also everyone else, I didn't realise there was different kinds of the GAP insurance either, so certainly opened my eyes and helped me make my decision. I thought I'd chance without it, but as the day slowly draws closer to me getting my car I've gradually got more nervous.... (Just in case the worst happened!)
Cheers mate, happy to help. For what it costs over three years, even at £180 that's only £60 a year which isn't much in the grand scheme of things. I hate the concept of "insuring my insurance"' but on a car this expensive and desirable, better to be safe than sorry.
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Return to Invoice (RTI) is by far the most common form of GAP insurance these days, and it lets you decide the car and spec of your next motor. Afterall you may want a different car altogether next :grin:
One thing to be aware of is that most GAP insurance policies are invalidated if you mod the car at all (remaps etc).
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Return to Invoice (RTI) is by far the most common form of GAP insurance these days, and it lets you decide the car and spec of your next motor. Afterall you may want a different car altogether next :grin:
One thing to be aware of is that most GAP insurance policies are invalidated if you mod the car at all (remaps etc).
Ah but if its pinched or written off how will they know you had an ECU remap? :evil:
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Ah but if its pinched or written off how will they know you had an ECU remap? :evil:
Because the bobbies couldn't catch it? :laugh:
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Seriously think people should investigate properly as to whether they need any type of gap insurance.
Everybody buys under different circumstances, some do not require it and some do.
Buying a car outright does not require it and some finance agreements will include for shortfalls.
However if you owe more on what they car is worth or have it contract hire it is something to consider.
Do not buy it because the dealer says you need it, do not buy it because your insurance company say you need, it's their job to make money from you not to give you proper advice. Simply do the sums and look for independent advice that suits your buying situation.
But simply buying it to 'sleep easy' is exactly what the people that sell it want you to think !!
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Seriously think people should investigate properly as to whether they need any type of gap insurance.
Everybody buys under different circumstances, some do not require it and some do.
Buying a car outright does not require it and some finance agreements will include for shortfalls.
However if you owe more on what they car is worth or have it contract hire it is something to consider.
Do not buy it because the dealer says you need it, do not buy it because your insurance company say you need, it's their job to make money from you not to give you proper advice. Simply do the sums and look for independent advice that suits your buying situation.
But simply buying it to 'sleep easy' is exactly what the people that sell it want you to think !!
Don't buy it at full RRP from the dealer in any case. I wouldn't buy GAP on principle, but will accept a "free" policy from my dealer knowing full well that he wouldn't give me the cash equivalent instead.
Without GAP if I had a 2 year old car written off I would fight tooth and nail to get enough money from them to buy another 2 year old car of similar mileage and condition. That is the insurers obligation - never accept their first or even second offer - show then how much a suiable replacement car will cost and get them to pay up.
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A second hand car of identical spec and mileage (if you can even find such a thing) is not the same to me as my own car. It may have the same monetary value but I don't want to be driving something I don't know the history of, that is why I bought a new car in the first place.
If my car is nicked or written off and it's close to new I don't want no sh!tty 75% value, nor do I want 100%! What I want is whatever it will cost to get the same car brand new, a totally reasonable expectation. Ok, so insurance companies are indistinguishable from Nigerian scammers... hence a second policy is needed to get this, but to my mind it has to be full replacement because who says I can negotiate the same deal I had before?
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I agree with Bear. I don't want market value on my 2 year old car. I want full whack. Then I can go buy a different car! :laugh:
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Defo getting GAP on the GTD deal I am looking at.
Been told they offered a total protection package (Autoglym, Tyre & Alloy, GAP for £895) which was flatly refused.