Discussion
Hello,
I am a newbie and am just in the process of getting my new R8. It comes on 1 Mar and all very excited. I am trading in a V8 on a 62 plate and getting an 18 V10 Plus. All very exciting since I have had a great experience of the v8 - it really is an every day supercar.
Anyway - the list on the new car is about £153,000 and while I am getting a fairly hefty discount I am extremely wary of totalling it. The Audi garage have quoted £1,250 on the GAP (includes finance gap that I don't need). GAP on anything north of £125,000 is a bit specialist with most not quoting and of course you do not know how good it is until you may need to claim.
Can anyone help with any recommendations that they may wish to share on a cost effective solution. I have covered my last four new cars (much cheaper) but since I have not had to claim then I am unsure of just how good.
Also was slightly miffed that the fully comp insurance has gone from about £350 a year to £730 - does this sound right? It is a more powerful model and newer but doubling plus seems quite a lot.
Thanks to anyone that can offer an opinion or share experience.
I am a newbie and am just in the process of getting my new R8. It comes on 1 Mar and all very excited. I am trading in a V8 on a 62 plate and getting an 18 V10 Plus. All very exciting since I have had a great experience of the v8 - it really is an every day supercar.
Anyway - the list on the new car is about £153,000 and while I am getting a fairly hefty discount I am extremely wary of totalling it. The Audi garage have quoted £1,250 on the GAP (includes finance gap that I don't need). GAP on anything north of £125,000 is a bit specialist with most not quoting and of course you do not know how good it is until you may need to claim.
Can anyone help with any recommendations that they may wish to share on a cost effective solution. I have covered my last four new cars (much cheaper) but since I have not had to claim then I am unsure of just how good.
Also was slightly miffed that the fully comp insurance has gone from about £350 a year to £730 - does this sound right? It is a more powerful model and newer but doubling plus seems quite a lot.
Thanks to anyone that can offer an opinion or share experience.
ALA may struggle to offer GAP at the higher levels. Try someone like Frank Pickles (best to phone them). As others have hinted, you should be able to knock >50% off that Audi GAP quote.
Alternatively, get an agreed-value insurance policy, from someone like Chubb. No need for GAP, then.
Alternatively, get an agreed-value insurance policy, from someone like Chubb. No need for GAP, then.
nickfrog said:
They're a caravan insurance cy !!
You're barking mad.
I think Yipper is referring to: https://gapinsurance.co.uk/about-us.aspYou're barking mad.
Appear to be rated on baby bmw.net, but I have no personal experience of them.
Thanks for all the great options. Frank Pickles is behind the website.
I got Audi to come down a little but there is too much margin on their white labelled product. I will be checking out the options with insurance for the first 12 months. The interesting conundrum is that I have had so much discount as to whether the amount to insure is the purchase price or the list. I will go for purchase on the basis that this would be my actual potential loss.
I also think that as long as FCA registered then the FCSC applies to 90% anyway so there is nothing in it in terms of who you use.
I got Audi to come down a little but there is too much margin on their white labelled product. I will be checking out the options with insurance for the first 12 months. The interesting conundrum is that I have had so much discount as to whether the amount to insure is the purchase price or the list. I will go for purchase on the basis that this would be my actual potential loss.
I also think that as long as FCA registered then the FCSC applies to 90% anyway so there is nothing in it in terms of who you use.
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