E90Post
 


The Tire Rack
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > UK Off-Topic Discussions > Return to Invoice Insurance Advice Please



Reply
 
Thread Tools Search this Thread
      09-18-2009, 07:48 AM   #1
misterS3
Lieutenant Colonel
45
Rep
1,733
Posts

Drives: X70 on the way
Join Date: Aug 2008
Location: Glasgow

iTrader: (0)

Return to Invoice Insurance Advice Please

Looking for some advice on Return to Invoice Insurance.

My car insurance doesn't pay out invoice value like some, so have to go for RTI.

I'm financing around 77% of the car, so don't see the value of the car being less than what is outstanding on finance for 4 years.

Looking for some advice on the following as i've never had a new car before.

Combined Return to Invoice & Finance Gap Insurance

In the event of your vehicle being stolen or written off, your Motor Insurance Company will pay out what your vehicle is worth at the time of the event potentially leaving you with a shortfall from what you originally paid for your Nissan GTR Coupe.

Our Combined Gap Insurance will bridge the gap between what your Motor Insurers payout back to the Original Invoice Price or Balance Outstanding on your finance agreement; whichever is the greater shortfall.

Quote

4 year cover 25K claim limit* = A one off payment of 259.00

(*The amount the gap insurers will pay out up to in the event of a claim)


Does this look a good deal?

If i've missed out any important info, to help make a comparison, please let me know

Ta
Appreciate 0
      09-18-2009, 08:09 AM   #2
creepy coupe
Lieutenant General
creepy coupe's Avatar
1627
Rep
12,736
Posts

Drives: Mazda 6. Help
Join Date: Aug 2007
Location: UK

iTrader: (2)

Garage List
2015 BMW 435d  [0.00]
2009 335i  [0.00]
What's the invoice value of the car in question?
Appreciate 0
      09-18-2009, 08:11 AM   #3
misterS3
Lieutenant Colonel
45
Rep
1,733
Posts

Drives: X70 on the way
Join Date: Aug 2008
Location: Glasgow

iTrader: (0)

Quote:
Originally Posted by creepy coupe View Post
What's the invoice value of the car in question?
It's a GTR. Almost 57k
Appreciate 0
      09-18-2009, 08:15 AM   #4
creepy coupe
Lieutenant General
creepy coupe's Avatar
1627
Rep
12,736
Posts

Drives: Mazda 6. Help
Join Date: Aug 2007
Location: UK

iTrader: (2)

Garage List
2015 BMW 435d  [0.00]
2009 335i  [0.00]
Quote:
Originally Posted by misterS3 View Post
It's a GTR. Almost 57k
That's a good deal IMO, the best I found was 387 for 4 years with a 25k limit
Appreciate 0
      09-18-2009, 08:48 AM   #5
misterS3
Lieutenant Colonel
45
Rep
1,733
Posts

Drives: X70 on the way
Join Date: Aug 2008
Location: Glasgow

iTrader: (0)

Quote:
Originally Posted by creepy coupe View Post
That's a good deal IMO, the best I found was 387 for 4 years with a 25k limit
Thanks CC. I guess i'll be taking it!

Next up Tyre Insurance!
Appreciate 0
      09-18-2009, 08:52 AM   #6
creepy coupe
Lieutenant General
creepy coupe's Avatar
1627
Rep
12,736
Posts

Drives: Mazda 6. Help
Join Date: Aug 2007
Location: UK

iTrader: (2)

Garage List
2015 BMW 435d  [0.00]
2009 335i  [0.00]
Quote:
Originally Posted by misterS3 View Post
Thanks CC. I guess i'll be taking it!

Next up Tyre Insurance!

I suppose reading the small print is important,to ensure like for like, here's the website I used if any use


http://www.gapinsurance.co.uk/gap-insurance-quote.asp
Appreciate 0
      09-18-2009, 08:54 AM   #7
misterS3
Lieutenant Colonel
45
Rep
1,733
Posts

Drives: X70 on the way
Join Date: Aug 2008
Location: Glasgow

iTrader: (0)

Quote:
Originally Posted by creepy coupe View Post
I suppose reading the small print is important,to ensure like for like, here's the website I used if any use


http://www.gapinsurance.co.uk/gap-insurance-quote.asp
Oh yeh....(i knew there was a reason for me posting here)....thanks.

Will ask for the wording of the policy and do a detailed comparison over the weekend. I get the car Tuesday, so plenty of time.

Thank you once again!
Appreciate 0
      09-18-2009, 09:05 AM   #8
creepy coupe
Lieutenant General
creepy coupe's Avatar
1627
Rep
12,736
Posts

Drives: Mazda 6. Help
Join Date: Aug 2007
Location: UK

iTrader: (2)

Garage List
2015 BMW 435d  [0.00]
2009 335i  [0.00]
Quote:
Originally Posted by misterS3 View Post
Oh yeh....(i knew there was a reason for me posting here)....thanks.

Will ask for the wording of the policy and do a detailed comparison over the weekend. I get the car Tuesday, so plenty of time.

Thank you once again!
Don't believe any BS the dealer might give you about needed to take out GAP before leaving the dealership, you have plenty of time after collection to make a decision, in fact that site gives you 102 days, not that you'd want to risk it for that long.
Appreciate 0
      09-18-2009, 09:14 AM   #9
misterS3
Lieutenant Colonel
45
Rep
1,733
Posts

Drives: X70 on the way
Join Date: Aug 2008
Location: Glasgow

iTrader: (0)

Quote:
Originally Posted by creepy coupe View Post
Don't believe any BS the dealer might give you about needed to take out GAP before leaving the dealership, you have plenty of time after collection to make a decision, in fact that site gives you 102 days, not that you'd want to risk it for that long.
I've not even asked the dealer about RTI insurance to be honest.

I'm just paranoid, a low loader turns up and nicks it while i'm not at home! So won't be leaving RTI/GAP insurance till after i get it.
Appreciate 0
      09-18-2009, 09:35 AM   #10
creepy coupe
Lieutenant General
creepy coupe's Avatar
1627
Rep
12,736
Posts

Drives: Mazda 6. Help
Join Date: Aug 2007
Location: UK

iTrader: (2)

Garage List
2015 BMW 435d  [0.00]
2009 335i  [0.00]
Wise.
Appreciate 0
      09-18-2009, 09:41 AM   #11
M3-FAST
Defected to the dark side.....
M3-FAST's Avatar
England
152
Rep
5,795
Posts

Drives: BMW M5 LCi
Join Date: May 2007
Location: Stafford, UK

iTrader: (11)

Garage List
Also try www.click4gap.co.uk

Get an online quote and then wait 10-14 days - they give you a gentle reminder with a 10% discount code
Appreciate 0
      09-18-2009, 10:40 AM   #12
misterS3
Lieutenant Colonel
45
Rep
1,733
Posts

Drives: X70 on the way
Join Date: Aug 2008
Location: Glasgow

iTrader: (0)

Quote:
Originally Posted by M3-FAST View Post
Also try www.click4gap.co.uk

Get an online quote and then wait 10-14 days - they give you a gentle reminder with a 10% discount code
Cheers M3 - but alas they only cover up to 50k
Appreciate 0
      09-18-2009, 02:25 PM   #13
M3-FAST
Defected to the dark side.....
M3-FAST's Avatar
England
152
Rep
5,795
Posts

Drives: BMW M5 LCi
Join Date: May 2007
Location: Stafford, UK

iTrader: (11)

Garage List
Quote:
Originally Posted by misterS3 View Post
Cheers M3 - but alas they only cover up to 50k
Is that car's worth 50k+ or they only cover up to 50k worth of 'gap' ?

EDIT: Just tried it - only vehicles worth up to 50k Shame 'cos they are pretty competitive
Appreciate 0
      09-18-2009, 04:47 PM   #14
pjs
Colonel
pjs's Avatar
181
Rep
2,759
Posts

Drives: i8
Join Date: Oct 2008
Location: NORTH

iTrader: (1)

imagine how good it would feel if you write if off three years down the line (without injury of course), you'd probably be bored of if by then, then you get the cash to buy a brand new one (if you want)all over again instead of having to make do.

for the record I have RTI at 8.25 a month for up to a 15k difference so your offer looks good value
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -5. The time now is 11:16 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST