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Gap Insurance for a used vehicle
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It’ll be £160 for 4 years with ALA.
im paying £13500 for the car with a £5200 deposit, so taking out finance on the rest
For me I see it as a decent price to pay just so I don't have to worry about negotiating (/arguing) the value of the write off with insurance company, and inevitably being left with a price that can barely me get me into the same car as before the crash, let alone one similar to the day I purchased it.
I got a 5-year policy for mine, as it was only an extra £50 a year, and given mine was a 2-yr old EV, I knew there was a new model with a larger battery and therefore larger price coming. To get a similar 2-yr old model would cost me a lot more given the increased battery capacity. I think if I were to have a write off today the policy would be worth in the region of £7-8k.