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Papering the gap
My daughter is buying a new Renault Clio, hers having been written off in a RTA last week. When we went down to finalise the deal the salesman talked about a GAP policy, which pays out if her new Clio is written off in a 3 year period. The policy pays the difference between what she paid for the car and its write off value. What are your thoughts on this please?
Asked on 1 May 2010 by A.B., via e-mail
Answered by
Honest John
It's a useful commission earner for salesmen who make very little on
selling cars these days. But you will find you can get the same thing much more cheaply via an insurance broker.
selling cars these days. But you will find you can get the same thing much more cheaply via an insurance broker.
Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.
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