Betelgeused
Member
That's actually a very good argument. There is every chance Tesla will continue increasing prices in line with inflation and due to troubles sourcing raw materials. It's difficult to predict these things, but based on current trends, when Tesla has raised the price of new vehicles, the price of used vehicles has also increased. If demand continues to outstrip supply, we may see Tesla appreciation as a norm, at least in the short term.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.
That said, GAP insurance is typically very affordable. For a (relatively) small payment, you get a lot of peace of mind.