Looking at all the figures for getting a Focus ST I've been told that GAP insurance on the 11k Focus is worth taking, but like all insurance policies is it a good deal? it seems that the different finance companies and brokers push this quite hard so I'm guessing they make a lot of commission on the extra insurance as well?
I've always owned cars outright before so not come across this before. I assume I only need to use GAP insurance if the vehicle is a total loss before the end of the finance agreement?
If I don't take the insurance and the car is a write off for whatever reason in the future what kind of depreciation loss could I expect?
I've always owned cars outright before so not come across this before. I assume I only need to use GAP insurance if the vehicle is a total loss before the end of the finance agreement?
If I don't take the insurance and the car is a write off for whatever reason in the future what kind of depreciation loss could I expect?