Quote:

it includes an extra 6 months warranty and gap insurance. £7500



Gap insurance on an '07 plate.

They have obviously had the finance man/woman talking to you.

If i was buying the car i would ask how much cheaper without the gap insurance.

This kind of insurance is normally offered to NEW car buyers, who may total their NEW car, or have it stolen, as soon as they drive off the forecourt.

Look into the finance figures. If you buy it for £7500 and the total payable is, lets say, £8200; The value of the car for the first 12 months will still be around the 7k mark, in which case your insurance will pay the outstanding amound owed..NOT the total amount owed AFTER credit interest.

It's confusing i know. But, as some of you know, my wifes car was recently written off. 12 months old, a '58 plate, had it on finance, NO GAP. The normal insurance payed off the finance in full and sent us a cheque for £800. Job done.

Or am i missing something here.
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