|
|
Post by michael on Feb 11, 2020 14:12:51 GMT
My sister in-law called yesterday to talk about a new car she has put a deposit on. She wanted to make sure she had good deal and sent me over the details. She'd agreed the following:
Alloy wheel repair 3 year (£315) Cosmetic repair insurance 3 year (£450) Lifeshin Gold Premium protection (£499) - this may include a protective coating at least Tyre insurance £342 VVP 36 months £708.
Are any of these worth paying for? I'm pretty sure they're not.
|
|
|
|
Post by racingteatray on Feb 11, 2020 14:29:56 GMT
Is VVP the GAP? Make sure any GAP policy is a real RTI (return-to-invoice) policy. ALA usually offers much more competitively priced alternatives to the ones peddled by dealers. I have an ALA policy on the 440i and we took one on my wife's Fiat when she bought that too. www.ala.co.uk/Didn't bother with any of the others. Alloy wheels sound good value though. |
|
|
|
Post by Bob Sacamano v2.0 on Feb 11, 2020 14:36:34 GMT
My sister in-law called yesterday to talk about a new car she has put a deposit on. She wanted to make sure she had good deal and sent me over the details. She'd agreed the following:
Alloy wheel repair 3 year (£315) Cosmetic repair insurance 3 year (£450) Lifeshin Gold Premium protection (£499) - this may include a protective coating at least Tyre insurance £342 VVP 36 months £708.
Are any of these worth paying for? I'm pretty sure they're not.
The salesman will have gone home and celebrated earning all that commission with a large drink after signing her up for all that. That's £2314 on top of the price of the car! Being sexist the alloy wheel insurance might be good value but you could probably have all 4 refurbed for that price anyway. Lifeshine is a £30 Autoglym product. Depending how the car has been financed the only one I'd consider would be GAP insurance, bought off the internet. Possibly. |
|
|
|
Post by johnc on Feb 11, 2020 14:38:17 GMT
Out of these, I may consider the tyre insurance (I took it on mine) and if taking the car on finance I would always take GAP Insurance. The GAP Insurance looks very expensive. I had it on my last car at £12/mth for 3 years but it covered me for 4 years. I took it for the M5 at £399 for 4 years which also gives me a return of the full cost of the car (after insurance payout) if it is a write off. We have friends who had an A6 on PCP and they didn't take GAP Insurance. They parked it at Prestwick Airport and went on holiday. When they got back their car was under water and was a write off - their low deposit PCP then didn't quite seem like the bargain when they had to find nearly £10K to clear the finance!
The paint treatment is a £35 product applied by a monkey with a rotary polisher. If she really wants protection get a sealant applied by a professional valeter (see G-Techniq website or similar) and it will be a much better product and a much better job, otherwise avoid.
Alloy wheel protection may be worth it depending on her driving capabilities.
|
|
|
|
Post by michael on Feb 11, 2020 14:48:23 GMT
Regarding the wheel and tyre insurance, a new tyre for that car is £280, most punctures are safe to repair and these things won't cover wear and tear. All the wheels could be refurbished for less than that cost and it's something I'd do anyway as they're currently black. I think they're financing half the price so I'll suggest they shop online for the gap insurance.
They were even going to take the JLR finance at a ludicrous high interest rate.
|
|
|
|
Post by cbeaks1 on Feb 11, 2020 14:48:39 GMT
Agree with the above - maybe alloys.
I imagine all or any of these can be found online at much cheaper prices.
Are they putting all the insurance products on the finance?
|
|
|
|
Post by ChrisM on Feb 11, 2020 14:58:56 GMT
The only things in the list I would consider are the tyre insurance and the alloy wheel cover.
Alloys - depends on how likely they are to be kerbed; I bought this for younger daughter when she bought the A1. I think it is limited to 6 refurbs in 3 years, and the terms are quite strict - you are supposed to notify them with photos within days of any incident that damages the alloys, they choose the refurbisher and you have to get the car or wheel to them at your expense, no loan vehicle etc. In "my" case it paid off as YD kerbed all the alloys within months, they all got refurbed together to "as new" (but the damage was so severe that she was told that they cannot be refurbed again) and the nominated place turned out to be fairly local to where she lived.
Tyres: Depends on how likely you/she thinks it is that a new tyre or two will be required that circumvents any exclusion clauses etc.... probably give it a miss.
Gap insurance can generally be bought off the internet for a fraction of the dealer price; I've heard about ALA before
|
|
|
|
Post by Martin on Feb 11, 2020 15:22:33 GMT
I’ve got GAP insurance with ALA, they weren’t the cheapest but they price matched the best quote I had, not something I’d normally let a company do but they have a good reputation. You can add tyre insurance if you wish, but the cost for 20” run flats didn’t make sense.
It’s a lot cheaper than doing it through the dealer. Also, if you get a quote and don’t purchase straight away, you’ll usually get a 10% off code through very quickly.
|
|
|
|
Post by PetrolEd on Feb 11, 2020 15:47:36 GMT
Gap makes sense if she financing the car and you think you might end up in negative Equity
Any Polish protection is a big no no unless they're doing it for £50
Tyre and wheel - can make sense but remember these products make money for the provider so probably makes sense to self insure.
Cosmetic - never come across it so won't comment.
|
|
|
|
Post by Tim on Feb 11, 2020 15:58:54 GMT
I'd be tempted by the tyre insurance - unlike Michael I reckon most punctures now are caused by potholes and the tyre may easily be damaged beyond repair.
Unless that sort of thing isn't covered by the insurance of course.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 11, 2020 16:14:44 GMT
.
|
|
|
|
Post by Mark on Feb 11, 2020 16:59:32 GMT
ALA will give you a 5% code if you hang around on their site for long enough - I have been as I'm considering it but not sure which cover suits me best and the 'back to invoice' cover is a fair bit cheaper.
The BMW dealer tried to sell me Autoglym Lifeshine for £490 - I didn't take them up on that!!
I wouldn't bother with anything other than GAP (but not at that price) from the original list.
|
|
|
|
Post by michael on Feb 11, 2020 17:02:43 GMT
Sounds like a VAG car? Make sure the wheels aren't diamond cut jobbies as wheel insurance doesn't cover those and would be money badly spent. It's a Land Rover. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 11, 2020 17:32:23 GMT
.
|
|
|
|
Post by PG on Feb 11, 2020 20:42:39 GMT
We took GAP insurance on the Mini. But things like alloy wheel and tyre and cosmetic etc etc are just attempts to take money off the buyer. I bet making a claim on any of them is fraught with difficulty.
|
|
|
|
Post by johnc on Feb 12, 2020 7:45:39 GMT
We took GAP insurance on the Mini. But things like alloy wheel and tyre and cosmetic etc etc are just attempts to take money off the buyer. I bet making a claim on any of them is fraught with difficulty. My wife took both the tyre and wheel insurance on the X4 and we have claimed on both with no issues - only once for each but there is another wheel which will need done before the end of the PCP so we will probably be close to breakeven or slightly out of pocket. However at the time she had history with kerbing wheels and also appeared to find potholes invisible so I felt it was a reasonable price to pay for the reassurance it gave. We took it from the dealer but they halved their original quotes when I showed them what I could get it for elsewhere. I think it was £599 for both of them over 3 years. |
|
|
|
Post by racingteatray on Feb 12, 2020 16:08:55 GMT
Gap insurance is a must on any car on PCP IMHO.
|
|
|
|
Post by michael on Feb 12, 2020 16:23:35 GMT
The gap insurance they offer appears to have a limit on it which wouldn’t cover the cost of a loan.  |
|
|
|
Post by racingteatray on Feb 12, 2020 17:39:59 GMT
Yes, but it only needs to cover the difference between the market value at point of total loss and the original invoice amount.
Which is designed to cover you for the difference between what you get from your normal insurance company and what you need to pay to the finance company.
|
|
|
|
Post by Martin on Feb 12, 2020 17:55:44 GMT
Gap insurance is a must on any car on PCP IMHO. Agreed, But I think it’s a must on any car you buy to help lessen the pain of losing your car and if you have a car with a number of options, to get protection from a poor payout, I’ve got it for both of ours (back to invoice) and they’re not on finance. |
|
|
|
Post by ChrisM on Feb 12, 2020 18:37:51 GMT
Side-steps..... surely an instant forum ban ?? (if she were a member)
|
|
|
|
Post by michael on Feb 12, 2020 19:09:42 GMT
Side-steps..... surely an instant forum ban ?? (if she were a member) Not at all. Now I’ve had them I’d have them again. So useful. |
|
|
|
Post by racingteatray on Feb 12, 2020 19:18:38 GMT
Getting shades of the Donald......."So Sad!"
|
|
|
|
Post by LandieMark on Feb 12, 2020 19:21:06 GMT
Side steps are essential on a large 4x4, not least because they help avoid door dings.
|
|
|
|
Post by PG on Feb 12, 2020 19:45:40 GMT
What is she actually buying? That's just as much interest as what extras she is having. With that level of GAP cover, my guess is a new Defender or a RR Sport.
|
|
|
|
Post by michael on Feb 12, 2020 21:43:13 GMT
What is she actually buying? That's just as much interest as what extras she is having. With that level of GAP cover, my guess is a new Defender or a RR Sport. I was trying to encourage her into a RR Sport but she's getting an over-specced Discovery 5 - it has enough isofix points for 3 child seats and something something practical... |
|
|
|
Post by michael on Feb 12, 2020 21:43:36 GMT
Getting shades of the Donald......."So Sad!" I'm pretty much the same person. |
|
|
|
Post by Tim on Feb 13, 2020 8:53:43 GMT
Side steps are essential on a large 4x4, not least because they help avoid door dings. I've never got on with side-steps on an SUV, they're always too narrow and I somehow end up twisting my ankle awkwardly while only having my toes on them. They're always lethal when wet too. |
|
|
|
Post by michael on Feb 13, 2020 10:51:01 GMT
The side steps on mine are about 10cm wide. How long are your toes?
|
|
|
|
Post by Tim on Feb 13, 2020 12:14:43 GMT
Freakishly!!
I was thinking of the ones on X5s, they may be quite deep but they go under the sill and are too close to it for you to be able to use much of them.
|
|
