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LNT · 28th March 2007, 23:49

When I had my car handed over the other day, the handover chap offered me gap insurance, as I'm sure you're all aware of. It was a take it or leave it at the time, which I left, at the time, seeing as though it was £330 for 3 years. Got home, did a bit of checking on the internet and managed to get a quote for £151 from AXA for 3 years based on a £15,000 deficit from regular insurance payout.

If you're about to get your car handed over, my recommendation is to tell the handover man or sales(wo)man that you will consider the gap insurance they're offering, but you can get it for under half that price with other companies. It may be that they offer it for less, I'm not sure, I haven't tried yet.

Remember, at point of handover, it's an exciting time, and the figures quoted, especially when they show you that sliding graph of depreciation is tempting, but it's an impulse decision, which generally mean that it's a poorly thought out decision, so if you're tempted, I'd suggest you resist the urge. It's a bit of an ambush, and something the salesman could advise beforehand. But they don't do that because they want to take advantage of your excitement of picking your car up. I think there's a banner on here for surf and protect, which I clicked on and it was AXA that quoted a higher figure at first, then they matched another figure. I daresay I could get it even lower. The Honda chap will also no doubt say the offer lasts a few days, although most companies will allow up to 30 days.

My apologies to any salesmen or Honda reps on here thinking I've put your nose out of joint, but I'm only thinking about the customer, and them not being taken advantage of. If it is a worry for the Honda reps amongst you, then be honest at point of sale, advise that it's available, and promise to match any lower quote!

28th March 2007, 23:49	#1 (permalink)
LNT Triangular Exhaust Join Date: 24th March 2007 Location: England Posts: 224 Thanks: 0 Thanked 1 Time in 1 Post iTrader: (0)	Gap Insurance When I had my car handed over the other day, the handover chap offered me gap insurance, as I'm sure you're all aware of. It was a take it or leave it at the time, which I left, at the time, seeing as though it was £330 for 3 years. Got home, did a bit of checking on the internet and managed to get a quote for £151 from AXA for 3 years based on a £15,000 deficit from regular insurance payout. If you're about to get your car handed over, my recommendation is to tell the handover man or sales(wo)man that you will consider the gap insurance they're offering, but you can get it for under half that price with other companies. It may be that they offer it for less, I'm not sure, I haven't tried yet. Remember, at point of handover, it's an exciting time, and the figures quoted, especially when they show you that sliding graph of depreciation is tempting, but it's an impulse decision, which generally mean that it's a poorly thought out decision, so if you're tempted, I'd suggest you resist the urge. It's a bit of an ambush, and something the salesman could advise beforehand. But they don't do that because they want to take advantage of your excitement of picking your car up. I think there's a banner on here for surf and protect, which I clicked on and it was AXA that quoted a higher figure at first, then they matched another figure. I daresay I could get it even lower. The Honda chap will also no doubt say the offer lasts a few days, although most companies will allow up to 30 days. My apologies to any salesmen or Honda reps on here thinking I've put your nose out of joint, but I'm only thinking about the customer, and them not being taken advantage of. If it is a worry for the Honda reps amongst you, then be honest at point of sale, advise that it's available, and promise to match any lower quote!