We’d like to remind Forumites to please avoid political debate on the Forum.
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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Gap insurance help
Comments
-
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 ???
0 -
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards