Another Stolen Mk7 GTD Pure white Cheshire

[p3asa]

Makes my blood boil when I read about these stories. Sorry to hear its happened but thankfully nobody got hurt.
I don't know if you ever ran your GTD past the 0 miles left but you can easily get in excess of another 20 once it hits 0.  Just in case you are concentrating on garages in a 5 mile radius. Although it might be enough to spook them.

[charlie]

Sorry to hear this hope you get it sorted scum bags is a word used far to often but that's what they are.

[PaulC79]

I'm more shaken by the fact people were in the house and if someone in the house had gone to the loo or gone to get a drink at the wrong time ... thankfully nothing bad happened to anyone which is more important.

As for the car, it's insured, I have GAP, my insurance also gives a hire car so I'll have a car this afternoon thankfully. Got an 'interview' with the car theft department at the insurance company Thursday to kick off that process properly. As it seems a few people on here have had this happen, what does happen with getting a new car as it was a lease?

[fredgroves]

As far as I know the lease contract is cancelled after ~30 days, the insurance company pays the lease company for the stolen vehicle and you have to take out a new lease.

The 30 days period might be changeable between lease contracts, but the rest will be the same.

Oh I forgot, the difference between what the insurance company pay out and the end of lease residual value that the lease company based your payments on is payable by you...

And we all know how so very generous the insurance companies are with their quite laughable glasses guides!

[PaulC79]

As far as I know the lease contract is cancelled after ~30 days, the insurance company pays the lease company for the stolen vehicle and you have to take out a new lease.

The 30 days period might be changeable between lease contracts, but the rest will be the same.

Oh I forgot, the difference between what the insurance company pay out and the end of lease residual value that the lease company based your payments on is payable by you...

And we all know how so very generous the insurance companies are with their quite laughable glasses guides!

Cheers, as I thought iot may be. I'm taking it the GAP insurance I took is for the difference between insurance issued payment and what is owed to VW finance.

[Mark V GTD]

GAP will cover your remaining payments until the lease is cancelled.

Unfortunately your initial payment is not recoverable so I hope that was not a high one :-(

[southlegend]

Isn't the whole point of GAP to cover the difference in the insurance company payout and what the lease/finance company want back for the car?

[dipstick]

I'm a bit confused with that statement too... but I may be being simple?!


I'm looking at a new £27k GTI on VW Finance, with an £8250 deposit (including the deposit contribution - i.e £7k from me). Over a 3 year term, the outstanding balance on the car is £21k (taking into account interest).

If I pick it up and a month later it is written off, does the insurance company not pay me the market value (for example £22k) and the GAP insurance pays an additional £5k on a Return to Invoice policy? This would then pay off the remaining £21k on the finance and leave me with the majority of my deposit money left over?

Or am I missing something really simple/obvious?

[Restlessnative]

I sometimes wonder why people would want to steal a GTD.To go to all that bother for a diesel Golf.

[Mark V GTD]

GAP works in a different way for leased cars and only covers your ongoing payments from the point of loss.