GAP Insurance

Redfoo1900

Hi,

Just looking at some gap insurance for a PCP vehicle we are buying, where is says "What price did you pay for the vehicle?" do they mean how much it would cost to settle the finance agreement, so say the car was £12000 but with finance it would be £15000 over three years, is it the 12 or 15 i put? Sorry for sounding dumb

DullGreyGuy

Redfoo1900 said:

Hi,

Just looking at some gap insurance for a PCP vehicle we are buying, where is says "What price did you pay for the vehicle?" do they mean how much it would cost to settle the finance agreement, so say the car was £12000 but with finance it would be £15000 over three years, is it the 12 or 15 i put? Sorry for sounding dumb

They are asking how much the invoice price was (ie total amount paid irrespective of how it's split between finance and cash excluding any finance interest). This is most likely so they can give you a quote for Return To Invoice as well as Replacement Vehicle and Financial GAP as the three classes of GAP.