We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Car stolen - help

laura2702 · 2019-04-25 15:05:30

So my car was stolen. Insurance agree the current value is £30k, I have £20k left to pay on my PCP.. They have just told me that they will pay the £20k to my finance and the other £10k is gone forever! Is that right? What can I do? To clarify, this isn't a gap insurance issue. My insurer admits my car is worth more today…

Options

Comments

neilmcl Posts: 19,460 Forumite

27 April 2019 at 7:16AM

The OP needs to come back and clarify what they mean by "I have £20k left to pay on my PCP.". It's very unusual for a vehicle on PCP to be worth so much more than the settlement value so it could be they're only looking at the remaining monthly payments and not including the final optional payment or GFV. Unless it's a new for old payout from the insurer I wouldn't be surprised that the OP themselves actually might have more to pay.

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

British Airways passenger? Book and travel using your old Covid vouchers NOW – or lose them
If you had a British Airways (BA) flight or holiday disrupted by the Covid-19 pandemic, check if you've got an old voucher as millions of pounds' worth are still unclaimed. You'll need to use it to travel before the end of September 2025 – or risk losing it. Below we explain how to search for unused vouchers and how to use them.

View All

Car stolen - help

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free