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GAP insurance

warren88 · 2016-01-21 13:01:12

Hello, After seeing some articles on the main site about time running out to claim back, I decided to check my paperwork. Have read a few threads on whether the GAP insurance can be claimed back the same as PPI, this one is slightly different. Purchased car (On finance) in Sept 2010. Before collecting the car, I paid a sum…

Comments

Nasqueron Posts: 11,356 Forumite

22 January 2016 at 10:38AM

Funny thing with mine, which is why I knew they included it with the finance package was that I thought it would be standalone, so when I travelled to the dealer to pick it up it was included and I was told by the salesman they would have to re-do the finance if I wanted the GAP removed and of course being stuck in a car dealership with no way to get back it was easier to just sign and then get it cancelled inside the 14 day cooling of period

Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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