Think I am going to go with ALA, use MSE25 for a 25% discount
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
UK 2022 Orders to Delivery inc the shipping thread for posts with no shipping news
- Thread starter GeorgeSymonds
- Start date
Must admit, I haven't sorted this out yet. I was in two minds because gap insurance is usually required when the current value of the car is less than new value. I bought mine before the price rises, so it's current value is 8k higher than I paid. And with Teslas depreciating less over time when compared to other cars, it's not clear to me whether gap is required.
GAP insurance, never understood the benefit of it, especially in desirable cars. So you are paying additional money to reduce the risk of losing money through higher depreciation. Robbing Peter to pay Paul if you ask me.
GAP is an car sales industry method of increasing ancillary revenue on the sale.
GAP is an car sales industry method of increasing ancillary revenue on the sale.
When I checked on standard insurance today one of the comparison websites suggested the value of MYLR was £64,500 so perhaps you are right that gap isn’t needed. I’ve never ever had it before.
I can vouch for ALA. They’ve paid out on gap to me before.
You can get a policy which will pay out to the current list price, so accounts for future price increases. Think you have to take it out in the first few months of ownership (according to Q2 collections thread).
Cost is ballpark £300 something for a 4yr policy.
Is it worth it? Well, you can bet the insurance co you got your best quote from didn’t become competitive/profitable by paying out real market value amounts for a total loss.
Tesla Model Y Hatchback Long Range AWD Auto
Ordered 10th May, it's actually getting delivered Monday 12th
Picked up from Manchester this morning. I was the only person collecting and the whole process took 10 minutes including the part-ex inspection. No issues whatsoever, the car looks faultless and came with 40% charge. It seems a smoother ride than the example I took for a test drive and a better ride than the Q5 I had previously. Well worth the wait.
Attachments
Were you able to get it fitted? I'm facing the issue that they want to install the box but cant figure out where to install it.
pault1981
Member
No sorry, I didn't go with them and ended up getting insured through Direct Line instead.
Mine picked up on Tuesday has front mud flaps in Ireland.
They all come with front mud flaps and PPF in front of rear arches.
Not sure they all come with a lady in the passenger seat though @HowieR
Although to be fair, we are making a day of it when we go to Trafford to collect!
I’ve seen a couple of low loaders delivering MYs around the highlands today and a white 72 plate parked outside Aviemore Aldi on Tuesday this week. In a few weeks the papers will no doubt mention MY was UKs best selling car for this week.
Do you know if the M3's have PPF in front of the rear arches as well?They all come with front mud flaps and PPF in front of rear arches.
Not sure they all come with a lady in the passenger seat though @HowieR
Although to be fair, we are making a day of it when we go to Trafford to collect!
MashinBenzin
Member
I think the argument now, in these inflationary times, is for replacement vehicle gap. I always went for this anyway, as one never knew if that 25% discount would be repeatable etc.
But in the case of a 2022 MY LR. Let’s say list £60k. And a hypothetical write off in 2025 with an insurance value given of £50k. But inflation means the 2025 MY LR is now £75k list. There’s your argument for replacement vehicle GAP.
Which now means…what’s your view on inflation and the supplied/demand balance in the EV automotive sector in 2025? As with any insurance, a judgement call.
I’m undecided on GAP right now. Inflation forecasts are going to be realigned with the energy price cap announcement.
Similar threads
- Locked
