Buying a new daily in the next few days, looking at a new shape civic 06 plate, 2.2 diesel. managed to get £500 for my old civic. so including 12 month tax and gap insurance and a new set of pads and £50 in the tank managed to get it for £5415.00 But i could save £300 by not getting the gap. The bloke told me that they normally sell it at £400, so he's saving me 25%. but I'm pretty sure that they only buy it in at around £90. stuck on what to do.

 

Its the first one I've actually been to see, but jugging by auto trader it does look a good deal. its got 80,00 miles on the clock nearly, and a full service history. only thing i don't like about it is that it doesn't have cruse control, or a usb port. but not sure if the c.d. player plays mp3 cd's.

Get it, but get it from ala.com

Ive had them and my car was stolen. They paid out without problem.

Think it cost me around £150, my car was £10k!

Based on a £6000 car with a £5000 clain limit.

£74!

https://www.ala.co.uk/retail/quote.php?action=goto&group=cars&options=1

I've only ever taken it out once on a Land Rover that I bought new from a dealership. I never needed it and have never taken it out again...however it's one of those things I suppose, better to have it and not need it etc, etc

I can understand the purchase of GAP for a new car where there is an initial hit in depreciation (although I have never bothered myself). It is harder to justify for a used car where the standard car insurance should cover a like for like replacement anyway.

 

So personally I wouldn't bother and save the £300 for running costs.

I can understand the purchase of GAP for a new car where there is an initial hit in depreciation (although I have never bothered myself). It is harder to justify for a used car where the standard car insurance should cover a like for like replacement anyway.

 

So personally I wouldn't bother and save the £300 for running costs.

 

Thats exactly what you should do, unless you were in my showroom which I would say go for GAP ;)

https://www.ala.co.uk/retail/quote.php?action=goto&group=cars&options=1

 

You absolute hero Jim, I would of never of thought of buying it online, thats class! at a £5000 value, got it for £69. for less than £70 i'm really not going to whinge at that.

I can vouch for them too, so well worth doing.

its going to get done. do i need to sort it before buying the car or just as and when?

I bought mine after, as i'd forgot to do it.

Are you taking out finance?

I bought mine after, as i'd forgot to do it.

 

thats cool, then. just as long as i don't end up buying the car then getting turned down for cover. thanks again Jim.

Are you taking out finance?

 

nope, gap insurance. it covers the value of the car for x amount of years against depreciation if you happen to write it off. for example your car insurance would only pay out what they think the cars worth. so for my example if i write it off in 2 and a bit years, theres no way the insurance company would give me my 5k back, especially after i've put 30,000 miles on it and put fag burns and seamen stains on every seat. so the gap insurance would cover the difference. its probably all a big scam, but at less than £70 its better than regretting it a couple of years down the line.

WelshZ knows what GAP is, he cons people on a regular basis into buying it ;)

 

I guess for £69 its worth it, I think we sell at £300-400 correct me if i'm wrong Matt

WelshZ knows what GAP is, he cons people on a regular basis into buying it ;)

 

I guess for £69 its worth it, I think we sell at £300-400 correct me if i'm wrong Matt

 

£69 is a steal, I paid over £300 and that was back in 2004

WelshZ knows what GAP is, he cons people on a regular basis into buying it ;)

 

I guess for £69 its worth it, I think we sell at £300-400 correct me if i'm wrong Matt

 

Ah, I do apologise. in that case you will definitely know more than me.

 

As a car salesman then, is it likely that i could blag a full tank of diesel out of them or am i clutching at straws here? my understanding would be that a main dealership (which it is) would claim fuel as an expense, therefore not actually eating into there profit. is that true or false?

 

And it is only a 50 litre tank, and seen as though i'm not getting the gap, then i'm basically excepting the first offer that they gave (asking price, and £500 px) so was thinking of asking them to put a years tax on it, and a full tank of fuel. but at the same time don't want to sound like a tool...

nope, gap insurance. it covers the value of the car for x amount of years against depreciation if you happen to write it off. for example your car insurance would only pay out what they think the cars worth. so for my example if i write it off in 2 and a bit years, theres no way the insurance company would give me my 5k back, especially after i've put 30,000 miles on it and put fag burns and seamen stains on every seat. so the gap insurance would cover the difference. its probably all a big scam, but at less than £70 its better than regretting it a couple of years down the line.

 

I'm a car salesman so I understand it lol! It cost's us naff all to buy but we make plenty selling it :) I'd save yourself £300 and don't take it. More and more insurance companies are giving people the selling value of their car at the time of write off and not the book value, so you'll end up with more than the cars worth anyway.

 

You take Gap insurance when your taking finance or a loan because you'll always owe more than the car is worth through the lease period. If in an accident and it's written off the company will pay the GAP between what you have left to pay to the finance company and the value of the vehicle.

 

Read this http://www.leaseguide.com/glossary/gap-insurance.htm just change the $$$ to £££! read this too http://www.click4gap.co.uk/rti-gap-insurance.asp

 

IT'S NOT WORTH THE MONEY ON A USED VEHICLE guys! If you do want it, source it online in your own time. You won't be refused RTI (return to invoice) it has nout to do with a credit search. HTH

Edited January 3, 201213 yr by WelshZ

Ah, I do apologise. in that case you will definitely know more than me.

 

As a car salesman then, is it likely that i could blag a full tank of diesel out of them or am i clutching at straws here? my understanding would be that a main dealership (which it is) would claim fuel as an expense, therefore not actually eating into there profit. is that true or false?

 

And it is only a 50 litre tank, and seen as though i'm not getting the gap, then i'm basically excepting the first offer that they gave (asking price, and £500 px) so was thinking of asking them to put a years tax on it, and a full tank of fuel. but at the same time don't want to sound like a tool...

 

It works different ways in different dealerships. Where I work, giving you a full tank of fuel and a years TAX would eat in to my profit (commission) but I've got to do it at times as a deal clincher!

If I was you, I'd be more concerned about the type of warranty I'm getting on the car, what does it cover etc and for how long?. There's no harm in asking for fuel and tax (maybe 6m instead of 12?) they can only say No!

Warranty is king like WelshZ says that the most important thing.

 

Most of the time stuff like RFL and a full tank will come out of the metal profit but some dealerships operate differently.

The warranty is only 30 days, and i think it covers everything (obviously not`tires. not too sure about clutch though) it is still a 6 year old car. its coming with a fresh years test, and a new set of pads so I'd assume it should be pretty cool. although there is the odd chance that it isn't. they do sell a warranty but I'm pretty sure that'll be a rip off too.

 

What are the online warranty's like?

30 day warranty will prob cover naff all! Your not having Gap so have a 12 month warranty instead that covers all mechanical and electrical failure.

30 day warranty will prob cover naff all! Your not having Gap so have a 12 month warranty instead that covers all mechanical and electrical failure.

 

I think the warranty would be about £500, but i'm pretty sure theres online ones for cheaper than that.

well bought the car tonight. hopefully picking it up at the weekend. managed to get them to chuck in 6 months tax and a full tank.

 

Happy days.

Good lad!