Car stolen insurance pay off and PCP

neuty

We seem to be lucky that we are getting £740 and the pcp paid off in full

neuty

We would of hoped so but seems insurance and pcp are wise and the only way to get anything is GAP insurance also.

IronGiant

My concern was, that in order to start afresh she won't have a several K deposit to put down.

daydotz

That's the reality have a play on carwow low deposit & see what generous deposit controbution someone like mini will give you

IronGiant

I'm sure it is the reality   It's a shame though...

daydotz

Its sad I'd imagine she worked hard saved hard & that was her savings on her dream car

neuty

Cheers. She has almost no deposit only £740 to use and a little from the person belongings claim.

She was lucky in that the amount on pcp has been paid and that if she had more loan on pcp she would of been in negative equity and owing the loan company.

Carl

neuty

Exactly that.

She has worked so hard she was given a 30% pay increase and a big promotion. Yes 30% I was shocked but ow so proud.

She’s saving hard to buy a house too.

She’s 25.

daydotz

If she's social media savvy follow dealers
They're always posting deal's low deposit/zero & temping monthlies

Just stack it in your favour with RTI gap (£100)

Bl4ckGryph0n

So two key lessons from this;
A. Really shop around for the price. She overpaid when getting into this deal by a fair amount.
B. When getting PCP and you’ve paid a decent deposit, and especially when it’s a not a new vehicle take out back to invoice gap insurance. Should be on that amount no more than £100.

Ps. Most insurance companies cover new vehicles during the first 12 months back to list price.