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Gap insurance help
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Can someone please tell me if this means I am in negative equity because the value of the car was lower than my settlement amount but I paid the difference ???
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The RTI GAP payment + the insurance payout will equal the £11,762.31 invoice amount. The part exchange value and settlement figure are irrelevant.reggi2022 said:Can someone please tell me if this means I am in negative equity because the value of the car was lower than my settlement amount but I paid the difference ???
BTW It isn't a good idea to include the £30 RFL in a finance agreement . You would have ended up paying around £42.50 for it over the 60 months (41.66% extra).0
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