Got her

Many thanks for that sound piece of advice guys :fing02:

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Originally Posted by johnsimcox

Not all insurers do new for old in the first year but most do. GAP offers piece of mind for the following years especially if you have the car on finance. Look for a Return to Invoice policy rather than simply one that makes up the difference between the insurance settlement and the finance settlement. Also not all GAP policies (including the one pushed by Audi) offer first year deferral. I have used the Gapinsurance123 policy which gives RTI and first year deferral for a competitive price (significantly less than half what Audi wanted) and you can also transfer it if you change car before the term is up. All that said I have never made a claim so cannot say how good they are in that situation but reviews suggest they are not a problem

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Would RTI still be beneficial regardless of how much deposit has been put down as I had put no deposit down.

The guy over the phone for gap insurance 123 asked the cost of car on road when buying (I signed on the dotted line back in April), and I was a tad confused by that as is it the total cost (including my ticked options) and before the discount that was given to me by the dealers via carwow ... Or the price that is shown on the invoice (which inc options/fuel/no plate etc) which comes to in the region of £37k.

I checked Parkers guide and the on road price for car is around £33k.

I don't want to end up purchasing the wrong GAP as there are about 4 different GAP products available!

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Originally Posted by Audi_Newbie

Would RTI still be beneficial regardless of how much deposit has been put down as I had put no deposit down.

The guy over the phone for gap insurance 123 asked the cost of car on road when buying (I signed on the dotted line back in April), and I was a tad confused by that as is it the total cost (including my ticked options) and before the discount that was given to me by the dealers via carwow ... Or the price that is shown on the invoice (which inc options/fuel/no plate etc) which comes to in the region of £37k.

I checked Parkers guide and the on road price for car is around £33k.

I don't want to end up purchasing the wrong GAP as there are about 4 different GAP products available!

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I have always gone for the price of the car including options before any discounts, incentives, trade ins etc because you cannot be certain what will be offered should you have to replace the car. Remember with Gap you are only insuring the difference between what the insurance company will pay in the event of a write-off and the invoice price. I have assumed that on a 4 year deal the maximum difference between the replacement value offered by the insurance company and the invoice is unlikely (for a 2.0 Avant) to be more than £15k so that is the amount I insure. In your case work I would work with the 37k figure as the Invoice value

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Originally Posted by johnsimcox

I have always gone for the price of the car including options before any discounts, incentives, trade ins etc because you cannot be certain what will be offered should you have to replace the car. Remember with Gap you are only insuring the difference between what the insurance company will pay in the event of a write-off and the invoice price. I have assumed that on a 4 year deal the maximum difference between the replacement value offered by the insurance company and the invoice is unlikely (for a 2.0 Avant) to be more than £15k so that is the amount I insure. In your case work I would work with the 37k figure as the Invoice value

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Cheers mate I'm getting my head round all of this slowly!

car Insurance company that I have signed up with offer no GAP insurance, so will have to be a 4 year one with a GAP firm.

I clicked on the £15000 and the £25000 claim limits and the latter only just increases it by £16 ... So would going with the £25000 be the safer bet!?

I'd expect that during year 3 (so from when the car is aging between 3 and 4 years old) the insurance value will be around or less than 50% or retail - obviously depending on mileage etc. On a 37k car that puts you over a 15k gap so I'd certainly suggest 25k for the small uplift.

I reckon £15k will be more than enough. Remember, the purpose is to cover the shortfall between insurance and invoice. Say you paid £35k for your car and wrote it off in two years; market value is £24k and insurance barter and you settle on £24k. GAP would cover the £11k difference in this example.


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To give you another example. My current A6 is just over 3 years old and I am getting c£16k trade-in against a new car. The Invoice value was £32k so at £15k GAP I am possibly slightly out of pocket. However you would not be paying MRP on the new car so likely that £15k would be enough, that said the extra cost of the higher cover over 4 years is nothing. You say your insurer does not offer GAP, that is potentially very different to what is usually referred to a replacement or new for old in fort 12 months, is that what you mean?

Been comparing a few of the GAP insurances, and the best quote I've received so far (combined from one insurer) is CAR2COVER for £500 ... That is RTI GAP and Tyre (£300 per tyre) cover over 4 years.

Thoughts on that price guys? Or is it best If i purchase tyres from one and tyres from anaother and probably save some money that way?

Can someone please also let me whether the tyres on the new cars are standard or run flat ones?

I didn't even bother looking at Audi Complete ... Assumed that would be pricey!

Thanks!

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Originally Posted by Audi_Newbie

Been comparing a few of the GAP insurances and the best quote I've received is from CAR2COVER for £500 ... That is RTI and Tyre cover both for 4 years?

Thoughts on that price guys? Or is it best If i purchase tyres from one and tyres from anaother and probably save some money that way?

I didn't even bother looking at Audi Complete ... Assumed that would be pricey!

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Unless I am misreading it the Car2Cover deal only covers accidental damage to the tyres not wear and tear. Famous last words I know but on my previous and current A6 I only ever replaced the tyres because of wear not because of damage. If you have a history of tyre damage, because of where you live and the potholes are really bad, then makes sense if not then you will probably be paying for something you won't use. Audi Complete provides for replacement through wear and therefore is more akin to a savings plan

Quote:

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Originally Posted by johnsimcox

Unless I am misreading it the Car2Cover deal only covers accidental damage to the tyres not wear and tear. Famous last words I know but on my previous and current A6 I only ever replaced the tyres because of wear not because of damage. If you have a history of tyre damage, because of where you live and the potholes are really bad, then makes sense if not then you will probably be paying for something you won't use. Audi Complete provides for replacement through wear and therefore is more akin to a savings plan

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Thanks.

Which providers would be able to cover the wear and tyre!?

My Audi dealer told me to not go for the Audi complete as my mileage would be around the 7k mark per year and said I'd only be throwing money away!