Do I need gap insurance if i have a car on a 42 month PCP?

[buzzer]

if you were having a new Seat on a 42 month PCP, would it be best to take out gap insurance?

[Phil Dicky]

Yes, mate of mine had his Passat CC totalled a few montsh ago, he lost out big style ending up with a Passat Estate, as thats all that was available after the payout

[roadend1981]

What gap insurance does is pay out the full cost of what you bought your car for, so if the car was 2 years old, you'd still get the full amount,and not what its worth.

Imo worth every penny on a new car.

[Engineer1]

Check the type of GAP insurance I believe one type pays the difference between the insurance value and the remaining finance, the other tops the payout back up to what you paid for the car.

[DAVEVO9]

Also, I think you will find any mods will void Gap

Read the small print

[CarlT]

GAP or Return to Invoice? 2 different things.
RTI - yes I would!

[mcxuk1]

roadend1981 said:

What gap insurance does is pay out the full cost of what you bought your car for, so if the car was 2 years old, you'd still get the full amount,and not what its worth.

Imo worth every penny on a new car.

No that's RTI. Gap insurance covers the 'gap' between the payout and the settlement figure from the finance company.

[buzzer]

thanks guys