GAP Insurance
There’s nothing more exciting than getting your new car, and it can be hard to imagine that anything bad could happen. Sadly, nobody knows what the future might hold so it’s worth making sure that you’re prepared financially should the unthinkable happen.
If you were in an accident, or were the victim of car crime and your car got written off for any reason, you might find that your insurance payout won’t cover the amount left on your loan agreement, often known as the shortfall. Which means you’ll still be paying off the remaining amount owed on a car you no longer have.
That’s where GAP insurance comes in. GAP stands for Guaranteed Auto Protection and basically takes care of the outstanding balance due on your loan should your car be stolen and un-recovered, or declared a write-off.
GAP Insurance is definitely not a replacement for your motor insurance policy, but a valuable addition to help protect you against financial loss.
But don’t worry, GAP Insurance needn’t cost the earth; in fact, at Car Loan 4U we can offer you some great deals on GAP Insurance all you need to do is ask. It’s quick and easy and once you’re covered, you’ll have the peace of mind to get on with enjoying your new car.
Car Loan 4U is authorised and regulated by the Financial Services Authority, and licensed by the office of fair trading under the consumer credit act 1974. Licensed Credit Broker. All finance is subject to status and income. Written Quotation on request.
Registered office: Car Loan 4U Ltd, Beechfield House, Winterton Way, Macclesfield, Cheshire, SK11 0LP. Registered in the UK. Tel: 0844 856 1046
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