M2RTY
Member
Registered: 25th May 01
User status: Offline
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......when it comes to monthly installments
they are the cheapest insurer for my BMW @ £594.73 for me, plus my dads insured fully comp and I can protect my 6 years NCB for £6 included in that price
great I think, so I ring up, and if I pay it monthly it works out a total of £821.74
thats £227 in interest on £594 per year!
= 39%APR and now that are 6th on my list of cheapest quotes
Thats a rip off
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JM_16v
Member
Registered: 17th Oct 05
Location: Essex Drives: GLC63S
User status: Offline
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they all charge stupidly high apr
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Don't pay monthly then? They're all awful on monthly APR, doesn't matter who you are with.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Do what I did, get a 0% credit card for 6 months and pay it off like tht 
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TheCam
Member
Registered: 16th Mar 07
Location: Kirkcaldy
User status: Offline
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quote:
Originally posted by pow
Do what I did, get a 0% credit card for 6 months and pay it off like tht
good idea
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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You could even find some that do it for 12 months I should think, if not 9!
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_Allan_
Member
Registered: 24th Mar 04
User status: Offline
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I'd rather borrow the money off mum/dad/mates/aunt etc... then pay any apr on the installments. I've always paid outright for insurance on both cars and bikes. I'd rather have extra payment in my back pocket.
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csweatherston
Member
Registered: 16th Jan 06
Location: Devon
User status: Offline
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elephant wanted over £200 more from me to pay monthly...
then when i said i wont be renewing it with them, they offered me an exellent quote.
but i refused to go with them.
MOREthan were cheep as hell for me 
£26 per month fully comp all mods declaired
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baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
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am having same problem , but ievery year when i pay full up, when i swop my car they shaft me or wont insure it and give me pittance back, so this year ill pay monthly and just stop paying if i swop car. Do you have to keep paying for the 12 months?
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Ive always paid upfront
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Yeah better borrowing from other sources. 39% is particularly bad but they're all comparably uncompetitive.
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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i pay £40 extra at the moment to pay monthly
refuse to pay in one go as if I buy another car they wont insure me on I loose a LOT if I get a refund
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