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Lease/Finance GAP advice
Wolf82
Posts: 5 Forumite
I’ve been looking at gap insurance for my new lease vehicle but can’t decide which type of GAP policy would be best. The two I’ve been most interested in are;
Finance GAP: In the event of total loss my initial lease deposit (£1k) and any finance shortfall will be cleared - £170
Return to Invoice GAP: In the event of total loss the difference between what the insurer pays and the invoice cost of the car as new - £250
Is the extra £80 worth it for RTI? Is one of these policies more suited to leasing as opposed to PCP?
Many thanks!
Return to Invoice GAP: In the event of total loss the difference between what the insurer pays and the invoice cost of the car as new - £250
Is the extra £80 worth it for RTI? Is one of these policies more suited to leasing as opposed to PCP?
Many thanks!
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Comments
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Return to invoice GAP is not suitable for leased car, as you're not the owner. Only option is finance gap with possible deposit protection.
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