Month: November 2011

Confussed about contract hire Gap Insurance?

If you are confused about contract hire gap insurance you are not alone. Part of my job is to monitor what is published on various websites and blogs and wow there is a lot of information about gap insurance and especially contract hire gap insurance. So why is so much time aimed at contract hire gap insurance ? Why are there so many different explanations about how contract hire gap insurance works? So lets try and set the record straight once and for all. Contract hire gap insurance is really very easy to understand. You buy a vehicle on contract hire and pay three payments in advance followed by 35 further payments of £290 & vat. Your contract hire company will have based your rentals no only on how much they will be paid from you in the form of rentals buy also how much they think that your vehicle will be worth at the end of the contract. Don’t forget that under your contract hire agreement you have to hand the vehicle back, and when you do they will dispose( re-sell ) it on and again make another profit. The residual value (how much it is worth at the end of the contract ) can make a huge difference to how much you pay each month. You only need to get a few contract hire quotes to see...

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Is 3yrs Audi Gap Insurance long enough?

When you buy an Audi your dealership should talk to you about Audi Gap insurance as part of their duty of care. So you like the idea of protecting yourself but is a three year Audi Gap insurance policy going to give your the peace of mind you want for as long as you want it. The Audi brand build some absolutely amazing models from the new A1 to the Audi Q5 and the R8 models. They are known for their technological advancements, build quality and longevity. But and this is a big but all this quality somes at a price and the Audi range can be expensive. With this in mind did you know that the average length of ownership for a new car is now 63 months. So what happens when your Audi Gap insurance policy expires? Admittedly it has been common practise for some time to be able to find basic levels of finance Audi Gap insurance for longer periods which is all well and good but what about if you where lucky enough to pay cash or finance over a shorter period. After all it is a sad fact of life that every vehicle will lose value over time but we tried an exercise on a Flagship Audi the A6 the Audi A6 Allroad 4×4 3.0 V6 TDI quattro 5dr. The average list price is just over...

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Is a 3yr Alfa Gap Insurance policy enough?

If the average length of ownership for a new vehicle is now 63 months will a standard 3 year Alfa Gap insurance be able to give you the peace of mind you need for as long as you need it? Most dealerships can only offer a maximum of 3 years Alfa Gap insurance. Which is all well and good, but what about after that time. If the average vehicle can loose up to 50 % in the first three years alone then surely years four and five they will loose even more. Isn’t this when you are most exposed to financial loss? Admittedly it has long been common practise to be able to find a basic level of finance alfa gap insurance which you could take of longer periods but what about if you where lucky enough to be able to pay cash or take a shorter finance agreement. Should’t you be able to have increased protection as well. Well atlast you can! We Googled Alfa Gap insurance and found an independent  gap insurance supplier who can offer up yo 5 years return to invoice gap insurance. Not just the basic levels of Alfa Gap insurance but return to invoice and vehicle replacement. Another nice thing about their policies is that for the first time in a long time their policies look to have been written by a human...

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Aequitas Automoitve Launches GapInsurance123

Aequitas Automotive Limited is already known as a market leader in the online supply of gap insurance via their website EasyGap and is strengthening their position with the Introduction of GapInsurance123. Being part of Aequitas,  GapInsurance123 has all the features that website visitors and happy customers have come to expect and much more. Aequitas have hand picked special features for the GapInsurance123 policies which will compliment the existing EasyGap portfolio. In fact the Aequitas team have consulted customers past and present to find out what you really wanted from your Gap Insurance and designed products to match. The new GapInsurance123 has just three types of gap insurance to  choose from. All of the GapInsurance123 policies are transferable All of the GapInsurance123 policies pay £250 towards your own motor insurance excess All of the GapInsurance123 policies offer free accident management. All of the GapInsurance123 policies are available for up to five years. The policies are underwritten by Enterprise Insurance Company PLC who currently supply household names such as Kwik Fit, and AA Warranty and sponsor Leeds United. They are also administed by Motorway Direct PLC who have a wealth of experiance in the field of gap insurance with online and main dealer groups. We spoke to Mark Griffiths Finance Director  from Aequitas Automotive Limited who said ” GapInsurance123 is designed to be simply, easy and transparent. The policies are easy...

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