08-29-2007, 04:03 AM
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#38
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Major General
Drives: M340i
Join Date: Jul 2006
Location: UK
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Quote:
Originally Posted by silverbmwz3
I don't know why people bother with shortfall insurance, just get a policy that gives you a new car + extras in first year if you have a write-off/its nicked. In 2nd year, who cares - you had a 2 year old car, they give you the money for market value of a 2 year old car and you go out and buy a 2 year old car. ?????
As far as I'm concerned its designed to make you BETTER off than you were in the event of an accident/theft. In that case you may as well go out and buy several hundred quids worth of lottery tickets, there's a bigger prize and probably just as much odds that you'll actually use it (ok perhaps that's a bit of an exageration).
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I agree.
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