Golf R Estate

Is it a lease or a PCP? I didn't think GAP was needed for a hire agreement

Anyway for what it costs it's not worth scrimping on - if you dont want to pay it upfront then you can get it for about £2 a month
 
SDK^ said:
So my lease order for this car is confirmed.

I'm being asked if I want to take GAP Insurance. My initial thoughts are no based on the strong residual value on this car. i.e. it's unlikely my Insurance will value the car lower than the outstanding amount left to cover the full cost.

Any other thoughts?
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Absolutely do it, the low deposit means you might well be in negative equity - especially as the whole reason why the lease deal is a no brainer is because for some reason its cheaper to lease than buy.

If you were confident the car would always be worth more than the outstanding amount then you should pay cash for the car. As I somewhat doubt in this particular case it will be, GAP is a no brainer.


iaind said:
Is it a lease or a PCP? I didn't think GAP was needed for a hire agreement
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On a hire agreement GAP is borderline essential rather than a nice thing to have. The insurer will pay the value of the car to the hire firm and you'll be responsible for the shortfall.
 
Nice Car Op, exact colour as mine :)


SDK^ said:
I've been looking for a car with more space and speed over my current F20 118i for a while. My focus was on the BMW 3 & 5 Touring range but the cost with options was too much.

VW have just launched the Golf Estate and it meets my requirements perfectly; loads of luggage space, four wheel drive, great level of standard kit and 300bhp. so I have placed my order for the R DSG version, Hopefully it should be delivered by August.
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£7500 of 2yrs GAP cover for a lease Fiesta ST was only ~£69.
RTI GAP of £15000 over 4yrs for my M135i was £176.

Both are with gapinsurance123.
 
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