Don’t forget to purchase your GAP Insurance!
If you are looking to purchase a new vehicle then your dealer will most likely offer you GAP insurance. However GAP insurance sold via a insurance broker is much cheaper and only attracts an Insurance Premium Tax rate of 6% versus 20% for a dealer sold alternative!
This example is based on Purchase Price Protection GAP Insurance. In the event of a total loss occurring, Purchase Price Protection GAP Insurance will pay the difference between the motor insurers total loss settlement and the net invoice price your customer paid for the vehicle, up to the maximum benefit shown in the policy schedule. Subject to policy terms and conditions. Benefits available up to £25,000.
