Car on hire purchase agreement and insurance issues after crash

AdrianC

Mr.Generous wrote: »

gap insurance is ideal if you think you are likely to right off a car on finance. Never bothered personally.

I'm sure the OP didn't plan to...

TadleyBaggie

I'd never had GAP insurance, but bought it in 2008 when buying a nearly new Qashqai. Almost 3 years later the car was written off and I was glad I had taken it out.

bigjl

Why would you get a settlement figure on a Lease Car?

Wouldn't the Lease Co be getting a settlement figure from their finance company?

Then informing the person or company leasing the car of any shortfall.

jimjames

Mr.Generous wrote: »

gap insurance is ideal if you think you are likely to right off a car on finance. Never bothered personally.

Gap insurance is worthwhile if you have no savings. I'd prefer to self insure

almillar

ER81 - you must be the only person in the UK to NOT have GAP insurance rammed down your throat by the salesman when buying a car.
I'm not quite sure I understand how old the car is or how long you've had it, but if it's only 3 weeks, the value can't have changed that much? In any case you need to independently find out how much your car is worth (pre crash) and haggle with them if necessary. Try parkers.co.uk for a starter valuation, and also check how much similar cars are advertised for.

Geodark

almillar wrote: »

ER81 - you must be the only person in the UK to NOT have GAP insurance rammed down your throat by the salesman when buying a car.
I'm not quite sure I understand how old the car is or how long you've had it, but if it's only 3 weeks, the value can't have changed that much? In any case you need to independently find out how much your car is worth (pre crash) and haggle with them if necessary. Try parkers.co.uk for a starter valuation, and also check how much similar cars are advertised for.

I think he was saying the accident was 3 weeks ago, not that he had the car for 3 weeks.