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August 01, 2010, 06:08:21 PM

Minda

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Gap insurance?
« on: August 01, 2010, 06:08:21 PM »
Hi due to take delivery of a new X5 in september and was wondering about taking the gap insurance, the dealer price seems excessive, looked around on the net and found it around half the price, via autotrader, just want a little advice pros/cons? is it worth paying the dealer prices?
Current 2010 BMW X5 40d Msport E70FL 2014 BMW 435d Cab 2016 Mercedes Vito 119 Sport LWB


August 02, 2010, 03:39:18 AM
Reply #1

Turks

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Re: Gap insurance?
« Reply #1 on: August 02, 2010, 03:39:18 AM »
If you have the car on Finance, the GAP payment as a general guide is usually equal to 1 monthly Finance payment. I got mine from the dealers just because I didn't want there to be any issues if (hopefully not) I ever had to claim as the dealers should provide you with a comprehensive cover suitable for your vehicle.


Turks.
Present:
2014 (14) F10 M5 - Monte Carlo Blue with Black Nappa Leather
2004 (54) E53 X5 4.8is - Sapphire Black with Black Nappa Leather

Past:
2005 (05) Honda Civic Type-R - Milano Red
2002 (52) E39 535i - Titan Silver with Black Leather
2001 (Y) E39 530d - Topaz Blue with Black Leather

August 02, 2010, 01:59:56 PM
Reply #2

Chompers

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Re: Gap insurance?
« Reply #2 on: August 02, 2010, 01:59:56 PM »
Generic GAP insurance products can be found much cheaper on the internet as you have found. It is always worth haggling with the finance guy at the dealer. To give you an idea, when I purchased my e61 520d I took out Tyre insurance. I was qouted £295 for 3 years cover and got it for £200 around the price of 1 tyre. I have to say that odds of calling on a GAP policy is pretty slim and as such needs to be competitively priced to justify. However tyre insurance is worth every penny IMO
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06/06 e53 X5 4.4i V8 Sport - Titanium Silver / Black Nappa Leather

August 02, 2010, 10:41:58 PM
Reply #3

Minda

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Re: Gap insurance?
« Reply #3 on: August 02, 2010, 10:41:58 PM »
Quote from: "Chompers"
Generic GAP insurance products can be found much cheaper on the internet as you have found. It is always worth haggling with the finance guy at the dealer. To give you an idea, when I purchased my e61 520d I took out Tyre insurance. I was qouted £295 for 3 years cover and got it for £200 around the price of 1 tyre. I have to say that odds of calling on a GAP policy is pretty slim and as such needs to be competitively priced to justify. However tyre insurance is worth every penny IMO
Will look into that to, was the Tyre insurance taken through the dealer?
Current 2010 BMW X5 40d Msport E70FL 2014 BMW 435d Cab 2016 Mercedes Vito 119 Sport LWB


August 03, 2010, 09:54:25 AM
Reply #4

Chompers

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Re: Gap insurance?
« Reply #4 on: August 03, 2010, 09:54:25 AM »
Yes taken through the dealer, up to 5 replacement tyres over the 3 year period.
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09/59 e61 520d MSport Touring Business ED - Platinum Grey / Cream Beige Leather
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06/06 e53 X5 4.4i V8 Sport - Titanium Silver / Black Nappa Leather

August 03, 2010, 10:48:23 AM
Reply #5

Turks

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Re: Gap insurance?
« Reply #5 on: August 03, 2010, 10:48:23 AM »
My Tyre insurance was through the dealers... £300 for 2 years and up to 4 Tyres (2 in any one year). I thought that this was ok considering my rear tyres were over £310 each. Well worth having but that said... not used it in a year  :(


Turks.
Present:
2014 (14) F10 M5 - Monte Carlo Blue with Black Nappa Leather
2004 (54) E53 X5 4.8is - Sapphire Black with Black Nappa Leather

Past:
2005 (05) Honda Civic Type-R - Milano Red
2002 (52) E39 535i - Titan Silver with Black Leather
2001 (Y) E39 530d - Topaz Blue with Black Leather

August 03, 2010, 08:07:20 PM
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jeegnesh

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Gap insurance?
« Reply #6 on: August 03, 2010, 08:07:20 PM »
Quote from: "Turks"
My Tyre insurance was through the dealers... £300 for 2 years and up to 4 Tyres (2 in any one year). I thought that this was ok considering my rear tyres were over £310 each. Well worth having but that said... not used it in a year  :(


Turks.
Sure you could if you needed ;-)
Mods: H Steering, Towbar, Wide Arches, Inforad K2, HIDS, Heated Seats, PS2 Media Center, x555 Sub Box (Focal), Rear Fake Tins, RV Cam, Screen Protect, Front Tints, 168 20's, Re-Map, Black Roundels, De-badge, BSW Dash Mids, Tweeter & Xover, Rear Screens, Intravee

August 04, 2010, 03:55:08 AM
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Turks

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Re: Gap insurance?
« Reply #7 on: August 04, 2010, 03:55:08 AM »
Yeah, the fronts need doing soon... would be a shame if a big nail went through the tyre too close to the wall to repair...


Turks.
Present:
2014 (14) F10 M5 - Monte Carlo Blue with Black Nappa Leather
2004 (54) E53 X5 4.8is - Sapphire Black with Black Nappa Leather

Past:
2005 (05) Honda Civic Type-R - Milano Red
2002 (52) E39 535i - Titan Silver with Black Leather
2001 (Y) E39 530d - Topaz Blue with Black Leather

August 04, 2010, 07:23:51 AM
Reply #8

jeegnesh

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Gap insurance?
« Reply #8 on: August 04, 2010, 07:23:51 AM »
Quote from: "Turks"
Yeah, the fronts need doing soon... would be a shame if a big nail went through the tyre too close to the wall to repair...


Turks.
Well you have had a lot of work done to the house recently, I'm sure during the cleanup some screws or nails were left lying around. I saw them :-)
Mods: H Steering, Towbar, Wide Arches, Inforad K2, HIDS, Heated Seats, PS2 Media Center, x555 Sub Box (Focal), Rear Fake Tins, RV Cam, Screen Protect, Front Tints, 168 20's, Re-Map, Black Roundels, De-badge, BSW Dash Mids, Tweeter & Xover, Rear Screens, Intravee

August 04, 2010, 08:19:08 AM
Reply #9

Minda

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Re: Gap insurance?
« Reply #9 on: August 04, 2010, 08:19:08 AM »
Well im in the trade, n mine fall out all over the place :crazydude: Like me to come give you a quote ;)
Current 2010 BMW X5 40d Msport E70FL 2014 BMW 435d Cab 2016 Mercedes Vito 119 Sport LWB


August 04, 2010, 10:40:12 AM
Reply #10

Turks

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Re: Gap insurance?
« Reply #10 on: August 04, 2010, 10:40:12 AM »
Quote from: "Minda"
Well im in the trade, n mine fall out all over the place :crazydude: Like me to come give you a quote ;)

 :?  Errr i'm not sure Minda, what is it that falls out??


Turks.
Present:
2014 (14) F10 M5 - Monte Carlo Blue with Black Nappa Leather
2004 (54) E53 X5 4.8is - Sapphire Black with Black Nappa Leather

Past:
2005 (05) Honda Civic Type-R - Milano Red
2002 (52) E39 535i - Titan Silver with Black Leather
2001 (Y) E39 530d - Topaz Blue with Black Leather

August 04, 2010, 10:44:06 AM
Reply #11

Minda

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Re: Gap insurance?
« Reply #11 on: August 04, 2010, 10:44:06 AM »
Quote from: "Turks"
Quote from: "Minda"
Well im in the trade, n mine fall out all over the place :crazydude: Like me to come give you a quote ;)

 :?  Errr i'm not sure Minda, what is it that falls out??


Turks.
screws or nails :guns:
Current 2010 BMW X5 40d Msport E70FL 2014 BMW 435d Cab 2016 Mercedes Vito 119 Sport LWB


August 04, 2010, 10:54:16 AM
Reply #12

Turks

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Re: Gap insurance?
« Reply #12 on: August 04, 2010, 10:54:16 AM »
Quote from: "Minda"
Quote from: "Turks"
Quote from: "Minda"
Well im in the trade, n mine fall out all over the place :crazydude: Like me to come give you a quote ;)

:? Errr i'm not sure Minda, what is it that falls out??


Turks.
screws or nails :guns:

Phew!! :D
Present:
2014 (14) F10 M5 - Monte Carlo Blue with Black Nappa Leather
2004 (54) E53 X5 4.8is - Sapphire Black with Black Nappa Leather

Past:
2005 (05) Honda Civic Type-R - Milano Red
2002 (52) E39 535i - Titan Silver with Black Leather
2001 (Y) E39 530d - Topaz Blue with Black Leather

August 06, 2010, 04:36:22 PM
Reply #13

Avtar

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Re: Gap insurance?
« Reply #13 on: August 06, 2010, 04:36:22 PM »
I took the tyre insurance also, looking forward to claiming.
Current Drives:

Alpina D5 BiTurbo
E70 3.0sD SE (Sold)
E46 330 Convertible
Alpina B3 S BiTurbo (SOLD)

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E39 528 Sport, 530 Sport
E38 735 Sport
E36 318iS, 320, 325

August 16, 2010, 02:43:00 PM
Reply #14

shocks

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Re: Gap insurance?
« Reply #14 on: August 16, 2010, 02:43:00 PM »
On this topic, any recommendations on the after market GAP and Tyre Insurance companies ?

Had a little trawl with google and there are fair few out there or willing to combine research on this as will look to sort out ahead of my E70 coming in october :-)
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Macan GTS
M135, the commuter
991 GT3 - The Toy III


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E39 520 - family lugger
E53 4.4 Sport
E70-FL 4.0d M-Sport; Lots of toys
996 Turbo - The Toy
991 Cab S - The Toy II
numerous others...