Prospective 981 GT4 Owners Discussion Forum.
Discussion
stewy49 said:
itsybitsy said:
R1nur said:
Take it from me - if your car is stolen you don't want it back.
Agree a value £74,999 max (say) and buy GAP insurance.
You won't want your car back if it is stolen.
I agree with this for me to insure Gt4 is circa £300 pa and 3 years gap is what £500-£1k?Agree a value £74,999 max (say) and buy GAP insurance.
You won't want your car back if it is stolen.
do people need gap ?
pick a better insurance company, and you get back current market value, which is more than invoice.
why have GAP ? it covers no extra's . NO loss from insurance miss fall, and only pays out in a write off.
better to put the money towards a higher end policy imo over very cheap Admiral type insurance.
I am not sure really what GAP can offer me on a GT4 !
"most comprehensive car insurance policies offer 'new car replacement' during the first 12 months of ownership any way"
"insurers will cover the current market value of your car , after the 1st year" current market value will be more than invoice :-)
so WHY HAV GAP it's only for "depreciating" values if you want an invoice pay out in a write off 3 years later !!!
give it 3 years and you lot will all be claiming "miss sold GAP" lol
pick a better insurance company, and you get back current market value, which is more than invoice.
why have GAP ? it covers no extra's . NO loss from insurance miss fall, and only pays out in a write off.
better to put the money towards a higher end policy imo over very cheap Admiral type insurance.
I am not sure really what GAP can offer me on a GT4 !
"most comprehensive car insurance policies offer 'new car replacement' during the first 12 months of ownership any way"
"insurers will cover the current market value of your car , after the 1st year" current market value will be more than invoice :-)
so WHY HAV GAP it's only for "depreciating" values if you want an invoice pay out in a write off 3 years later !!!
give it 3 years and you lot will all be claiming "miss sold GAP" lol
Edited by PorscheGT4 on Sunday 12th July 13:01
PorscheGT4 said:
do people need gap ?
pick a better insurance company, and you get back current market value, which is more than invoice.
why have GAP ? it covers no extra's . NO loss from insurance miss fall, and only pays out in a write off.
better to put the money towards a higher end policy imo over very cheap Admiral type insurance.
I am not sure really what GAP can offer me on a GT4 !
"most comprehensive car insurance policies offer 'new car replacement' during the first 12 months of ownership any way"
"insurers will cover the current market value of your car , after the 1st year" current market value will be more than invoice :-)
so WHY HAV GAP it's only for "depreciating" values if you want an invoice pay out in a write off 3 years later !!!
Good points - what do you think the market value of the car will be over what we pay list? i.e. my car is just under 80k and my insurance company did ask the invoice value and market value but I couldn't really answer that at this stage...pick a better insurance company, and you get back current market value, which is more than invoice.
why have GAP ? it covers no extra's . NO loss from insurance miss fall, and only pays out in a write off.
better to put the money towards a higher end policy imo over very cheap Admiral type insurance.
I am not sure really what GAP can offer me on a GT4 !
"most comprehensive car insurance policies offer 'new car replacement' during the first 12 months of ownership any way"
"insurers will cover the current market value of your car , after the 1st year" current market value will be more than invoice :-)
so WHY HAV GAP it's only for "depreciating" values if you want an invoice pay out in a write off 3 years later !!!
I would not disclose market value with the insurance company only invoice price and maybe list options if you have PCCBs, CTS etc
I have PCCB stated on my Spyder because if they want to find me a like for like car it had better be a good one in a write off.
Value would be market value which is more than I paid.
ask for the policy docs and read the small print. this is what matters In a claim or get out, DON'T give them any figures they can use as a get out.
remember these are sales staff trying to sell you insurance.
most pay market value at the time of the write off.
I have PCCB stated on my Spyder because if they want to find me a like for like car it had better be a good one in a write off.
Value would be market value which is more than I paid.
ask for the policy docs and read the small print. this is what matters In a claim or get out, DON'T give them any figures they can use as a get out.
remember these are sales staff trying to sell you insurance.
most pay market value at the time of the write off.
PorscheGT4 said:
I would not disclose market value with the insurance company only invoice price and maybe list options if you have PCCBs, CTS etc
I have PCCB stated on my Spyder because if they want to find me a like for like car it had better be a good one in a write off.
Value would be market value which is more than I paid.
ask for the policy docs and read the small print. this is what matters In a claim or get out, DON'T give them any figures they can use as a get out.
remember these are sales staff trying to sell you insurance.
most pay market value at the time of the write off.
Thanks for this. Would you be kind enough to DM me some insurers you reccomend? I have PCCB stated on my Spyder because if they want to find me a like for like car it had better be a good one in a write off.
Value would be market value which is more than I paid.
ask for the policy docs and read the small print. this is what matters In a claim or get out, DON'T give them any figures they can use as a get out.
remember these are sales staff trying to sell you insurance.
most pay market value at the time of the write off.
stewy49 said:
That's a great price for a car of this value/performance. Which insurer/broker is that with?
The fact my age helps(51),wife on insurance(54) less than 3k miles a year, and total £500xs currently with admiral.I used confused on a £100k value 991 gt3 come back at circa £430!
MrD what's wrong with companies like admiral/elephant as long as it says market value or you put in the value cannot see the problem!
itsybitsy said:
stewy49 said:
That's a great price for a car of this value/performance. Which insurer/broker is that with?
The fact my age helps(51),wife on insurance(54) less than 3k miles a year, and total £500xs currently with admiral.I used confused on a £100k value 991 gt3 come back at circa £430!
MrD what's wrong with companies like admiral/elephant as long as it says market value or you put in the value cannot see the problem!
itsybitsy said:
The fact my age helps(51),wife on insurance(54) less than 3k miles a year, and total £500xs currently with admiral.
I used confused on a £100k value 991 gt3 come back at circa £430!
MrD what's wrong with companies like admiral/elephant as long as it says market value or you put in the value cannot see the problem!
Admiral changes how they cover cars over 3 years old, so if you have a car you like over 3 years old avoid !!I used confused on a £100k value 991 gt3 come back at circa £430!
MrD what's wrong with companies like admiral/elephant as long as it says market value or you put in the value cannot see the problem!
PorscheGT4 said:
so WHY HAV GAP it's only for "depreciating" values if you want an invoice pay out in a write off 3 years later !!!
Wrong.Edited by PorscheGT4 on Sunday 12th July 13:01
When my Exige was written off after 5 weeks the insurance company would only pay out £2k less than I paid.
Kept going back to them but they dug their heels in and wouldn't budge.
Luckily, my £200 GAP policy paid the £2k.
Zyp said:
They don't drop 30% after 5 weeks!
My point was, even if your car is appreciating you're still going to have a fight on your hands to get the invoice price for an insurance co.
For the releative pittance of the cost of a GAP policy, why not have that safety net?
you needed better insurance then as all the top ones give you invoice value in the 1st 12 monthsMy point was, even if your car is appreciating you're still going to have a fight on your hands to get the invoice price for an insurance co.
For the releative pittance of the cost of a GAP policy, why not have that safety net?
hence I said pay for better insurance, buy cheap get bad pay outs.
Cars going up you want market value, back to invoice is pointless hence gap is pointless on all of my cars.
but I can see why you need it for a Lotus or an M4/M3 :-p
Edited by PorscheGT4 on Sunday 12th July 21:37
PorscheGT4 said:
you needed better insurance then as all the top ones give you invoice value in the 1st 12 months
hence I said pay for better insurance, buy cheap get bad pay outs.
Cars going up you want market value, back to invoice is pointless hence gap is pointless on all of my cars.
but I can see why you need it for a Lotus or an M4/M3 :-p
Erm, the car was not a new one.....hence I said pay for better insurance, buy cheap get bad pay outs.
Cars going up you want market value, back to invoice is pointless hence gap is pointless on all of my cars.
but I can see why you need it for a Lotus or an M4/M3 :-p
Edited by PorscheGT4 on Sunday 12th July 21:37
So after the first year you don't get a new car back.
Let's look at the situation then... Europe is in turmoil thanks to Greece and likely to get even worse.
China is looking like it will implode financially and when all the stars align you think all your modern cars are going to escape the massive s
tstorm on the horizon and still be worth gazillions more than you paid for them (because they're the bestest spec evah lol ) and the nice ins co will ALWAYS give you more back than you paid for them.You're either very very rich, brave or incredibly naive....
You give advice that no one needs GAP ( just a few hundred quid, remember ) - can you give me next weeks winning lotto numbers please?
LordOfTheManor said:
A friend has just told me a GT4 RS is on the cards - anyone here placed a deposit..
Yes it's on the cards (as in talked about) for 2018/2019 earliest I have a GT4 coming and LOI down on the RS.
Been assured that won't be before end of 2018 earliest (if at all as pipe dream at mo not even started development).
So no-one can place deposit at mo just LOI.
K
This is a very limited run car and very sought after so likely that will be worth more than the new value as soon as its leaves show room. Financial crisis or not there is a LHD one or autotrader I see for £90k plus already.
GAP is great for mass production or cars not sought after, in fact I have it on out Golf R.
Pretty much pointless on a GT car. Not rich or stupid, saved for 4 years for this car (was going on a Gallardo or R8).
I've had a lotus and lead ballon for 1st year or two after that very stable. In general GT cars are other sort of balloon and go up not down based on past performance.
So as others have said a proper insurance policy much better than a standard policy and GAP for this type or car.
Zyp said:
Erm, the car was not a new one.....
So after the first year you don't get a new car back.
Let's look at the situation then... Europe is in turmoil thanks to Greece and likely to get even worse.
China is looking like it will implode financially and when all the stars align you think all your modern cars are going to escape the massive ststorm on the horizon and still be worth gazillions more than you paid for them (because they're the bestest spec evah lol ) and the nice ins co will ALWAYS give you more back than you paid for them.
You're either very very rich, brave or incredibly naive....
You give advice that no one needs GAP ( just a few hundred quid, remember ) - can you give me next weeks winning lotto numbers please?
Erm read the above posts again, properly!So after the first year you don't get a new car back.
Let's look at the situation then... Europe is in turmoil thanks to Greece and likely to get even worse.
China is looking like it will implode financially and when all the stars align you think all your modern cars are going to escape the massive s
tstorm on the horizon and still be worth gazillions more than you paid for them (because they're the bestest spec evah lol ) and the nice ins co will ALWAYS give you more back than you paid for them.You're either very very rich, brave or incredibly naive....
You give advice that no one needs GAP ( just a few hundred quid, remember ) - can you give me next weeks winning lotto numbers please?
This is a very limited run car and very sought after so likely that will be worth more than the new value as soon as its leaves show room. Financial crisis or not there is a LHD one or autotrader I see for £90k plus already.
GAP is great for mass production or cars not sought after, in fact I have it on out Golf R.
Pretty much pointless on a GT car. Not rich or stupid, saved for 4 years for this car (was going on a Gallardo or R8).
I've had a lotus and lead ballon for 1st year or two after that very stable. In general GT cars are other sort of balloon and go up not down based on past performance.
So as others have said a proper insurance policy much better than a standard policy and GAP for this type or car.
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