Oh, and don't forget to tell your insurance company; you were going to tell them weren't you?
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i want more power !!!!!!!! no i wasnt going to tell the insurance company .
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Do the chipping - you are unlikely to regret it. I did my mk5 18 months ago and its runs perfect still but is soooo much better. Regarding not telling your ins company - if you are involved in a serious accident (injury/death) the police are likely to go over your car with a fine tooth-comb as part of their investigation. Your insurance will be null and void if it is noted that the car has been modified, then you are in a world of sh!t. So if you can afford to chip it, then you can afford to pay the difference, it made about 80quid difference for my insurance. (I'm with m&s - so nobody super special etc)
Tell your insurance company - if you dont then you are a dangerous fool.