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Corsa Sport » Message Board » General Chat » Question for you all, need someone to back me up. » Post Reply
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Ojc |
posted on 18th Feb 03 at 19:23 |
This is a very good thread, highlighted some gaps in the market for insurance finance etc etc | |
MarkM |
posted on 18th Feb 03 at 18:56 |
wezjax - Free insurance is always FC on cars, never heard of them being TPFT. | |
MarkM |
posted on 18th Feb 03 at 18:50 |
sxi16vjoe is right here with the GAP insurance clause. | |
wezjax |
posted on 18th Feb 03 at 18:41 |
depends what cover the free insurance offers surely?? | |
Makarus |
posted on 18th Feb 03 at 17:34 |
Finance is fine, but the points you have raised here you need to take up with the insurance company you plan to go with and they will be able to advise you on what is the best course of action. | |
RichardSXi |
posted on 18th Feb 03 at 17:06 |
BTW nothing has actually happened, im just trying to teach someone that financing a car isnt stupid and if you write it off recently after gaining it, your not totally screwed | |
Redcorsa69 |
posted on 18th Feb 03 at 16:47 |
yeah u have to pay it, my mate did it wth Saxo VTR a few years ago. We all decided to get bangers for 1st cars in case the inevitable happens. Not him, he goes and buys a brand new VTR stacks it 6 days later outside the pub trying to take an island about 70. Still paying now!!! | |
sxi16vjoe |
posted on 18th Feb 03 at 16:32 |
i had that clause!!!!! thank fcuk. | |
the jug |
posted on 18th Feb 03 at 16:31 |
you would have to pay cost of car plus finance cost... unless.. there's a clause in your insurance which covers you to pay off remainder of finance... but very unlikely...! | |
3CorsaMeal |
posted on 18th Feb 03 at 16:26 |
i agree with that one. | |
vibrio |
posted on 18th Feb 03 at 16:16 |
if you still owe money then the finace company takes the aount thats left off the insurance check. if you owe more than you get back from insurance then you still owe the finance company. | |
RichardSXi |
posted on 18th Feb 03 at 15:54 |
quote: Leys not go there shall we | |
Phil Hall |
posted on 18th Feb 03 at 12:54 |
I know they have cracked down on the free insurance offers but here's how it worked for my mate. | |
RichardSXi |
posted on 18th Feb 03 at 00:28 |
ok.. so we all agree you get a fair bit of money from ins to cover car? and NOT zero ! | |
sxi16vjoe |
posted on 18th Feb 03 at 00:27 |
if u pat gap protection which is about £5 a month. it covers the difference if the insurance wont cough up the full value. | |
RichardSXi |
posted on 18th Feb 03 at 00:26 |
yea.... my point to this is you get some form of the money back. | |
DaveC |
posted on 18th Feb 03 at 00:26 |
in some cases you do, a mate of mine lost his licence after an accident, had his brand new car for about 1 month and wrote it off... that was a year ago and he is still paying back some of what he owed now, its bad but the way it goes sometimes | |
RichardSXi |
posted on 18th Feb 03 at 00:23 |
im not really talking about a new car... im talking about new and 2nd hand cars on finance... you dont carry on paying without a car. | |
myke |
posted on 18th Feb 03 at 00:22 |
if ure on free insurance and you write it off when its that new, don't they replace the car with a new one? | |
RichardSXi |
posted on 18th Feb 03 at 00:22 |
grrr.... not the total... but you dontpay the freakin 7 grand left..... as with writing off any car you loose out !!! | |
RichardSXi |
posted on 18th Feb 03 at 00:21 |
ok mate... maybe you wouldnt... but you dont friggin pay for a car you dont have.... there is a process in which your covered if that does happen | |
DaveC |
posted on 18th Feb 03 at 00:20 |
yeah, you still have to pay the remainder of the finance, the inurance payout won't normally cover the total finance cost.... bad luck | |
DanielJ |
posted on 18th Feb 03 at 00:20 |
i wudnt | |
RichardSXi |
posted on 18th Feb 03 at 00:17 |
You finance a new clio 1.2 16v on free insurance at 18.... |