What is GAP Insurance? | GAP Insurance Explained

Do you need GAP Insurance? | GAP Insurance Explained

In this one we take a look at GAP Insurance, we look at the various types of GAP cover, explain who it's for and why, and get some quotations so give you a good idea of the kinds of prices around at the moment. There are specific GAP covers for leaseing, PCP, HP, Cash and for new/used cars.

This channel is very proudly sponsored by one of the leading providers of GAP Insurance, @ALAInsurance and so I'm delighted to be showing you the ALA experience in this video. But the message is a simple one, please consider GAP cover if you are leasing or buying a car, weather it's new or used.

00:00 Intro
04:18 GAP Insurance Quote (Return to Invoice & Replacement Car)
08:20 GAP Insurance Quote (PCH Car Leasing)
13:18 Summary

#carfinance #carleasing #gapinsurance
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🚗🚗 𝙈𝙔 𝙇𝙄𝙉𝙆𝙎 🚗🚗
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🔥🔥 𝘼𝙁𝙁𝙄𝙇𝙄𝘼𝙏𝙀 𝙇𝙄𝙉𝙆𝙎 🔥🔥
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Important : This channel tries to deliver honest advice for real people. Remember that I am not a financial advisor or car finance professional and am therefore not qualified to give any kind of financial advice, views shown here are purely my own but you must make your own financial decisions. Always seek professional advice before entering a finance arrangement of any kind and seriously consider your financial position and the long-term affordability of any deal that you may enter into.

All content is the property of NOT A GURU LTD unless otherwise stated. Re-use is strictly forbidden without prior written consent.

𝙋𝙡𝙚𝙖𝙨𝙚 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚! ;)

[JimDut]

Huge thanks Jim, finally have my RAV4 coming this week and your video not only reassured me it was a good choice to get the GAP insurance, but saved me 11 odd quid. £101 for 4 years cover on a £50k car.

[dohrider]

Thanks for the heads up, I have covered my new car for half the price I paid for my old car, which was only slightly more expensive, which I covered through the car dealer. Well worth it for peace of mind.

[isackville]

When I was buying cars i all ways got gap insurance it's a no brainer for the price, great video

[andrewjones]

So glad I bought my Gap Insurance on your recommendation. wouldn't buy a new car without it now.

[nicholasmason]

Thanks Jim, great informative video as always. Just bought a new car and thought GAP insurance wasn't available so was pleased that you brought this update out. All sorted through your link and for a little over £150.00 I've got 3 years cover, cheap as chips for that little bit extra which I hope not to need. 👍

[richarddixon]

Thanks, this was a really useful video. It is absolutely a no brainier to get GAP insurance with these low charges.

[dannymakie]

Thanks Jim. I didn't realise it had been reinstated. Just got 2 years for my ev for the price of a tank of fuel for my old ice car.

[ISuperTed]

I had return to invoice GAP insurance a few years back but got it on the open market, not as part of the deal with the car broker or dealer as they were very expensive. Good job I did as the car was stolen after one year and never recovered, so got back the invoice price less finance balance, giving me a good deposit for my next car.

It’s a no brainer if you are taking out any substantial finance on a car and TBH it’s a tiny amount compared to what you’re borrowing.

[jondavies]

Thanks Jim. Im taking delivery of lease model Y rwd in a few weeks. Glad this product is now available again.

[kevcook]

Contacted ALA and used the code. Really easy to set up and the advisor was very helpful. Compared to my last GAP through a main dealer there was a huge saving! Thanks again Jim for the work you do on the channel it is invaluable when navigating the Car market.

[Krazeera]

Hi Jim, silly question does GAP insurance work the same as other polices in regards to earning NCD's?

[BillHrpr]

Can you buy gap insurance if you bought our car with a personal loan?

[alanmurray]

Thanks Jim, just saved 10% on your link on an already great price. Cheers

[jonfoz]

What was the reason to reinstate this type of insurance?

[srbs]

Two friends benefited from Gap insurance to the tune of £15k and £30k.

[duncinthailand]

I thought you said a couple of months ago you couldn't buy Gap insurance anymore?

[steviekek]

Wouldn't be with out it, , ill use your code next time

[harrycummings]

When I bought my EV thought it was a must with the rapid depreciation of EVs…..

[isackville]

When I was buying car I always use gap insurance

[ktksypj]

But why if a car is insured its insured it should be their liability and a write off should be covered. Insurance has become increasingly convoluted over the years. This seems like a sales pitch to me