Combined RTI GAP Insurance Key Benefits
 Protection
for your car purchase
Combined RTI GAP insurance ensures that you aren't affected
by depreciation, or finance early redemption charges, if your vehicle
becomes a total loss.
If you have purchased your car on finance
Combined RTI GAP Insurance will cover any shortfall in your loan
settlement and give you money towards your next car.
If you are a cash buyer
Combined RTI GAP Insurance will provide a means of replacing the
difference between the amount you paid for your car and your insurance
settlement. There will be no need to use your savings to purchase
a replacement car of the equivalent standard.
If you are leasing a car
Combined RTI GAP Insurance may cover any shortfall in the lease
early settlement amount and give you money towards your next car
(For leasing contracts the payout is based on the vehicle invoice
price and will only include early termination fees where the total
falls below this level).
Features
- 2 or 3 years cover
- Covers shortfalls of up to £20,000
- Cover for new and used vehicles up to 6 years old
- Claims processed quickly to help you purchase a replacement
vehicle
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What we say about depreciation
Statistically, in the UK
new cars depreciate by 40% to 60% over the first 3 years.
(Based on an averaged sample taken from the Whatcar depreciation
index, June 2007)
See the WhatCar depreciation calculator link below for
the projected depreciation of your car over the next 3
years.
http://www.whatcar.co.uk/depreciation-index.aspx
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Depreciation
- Some examples
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Year
0 |
Year
1 |
Year
2 |
Year
3 |
| Alfa Romeo 147 Hatchback 1.9 JTDm 16v Turismo
5dr |
17,850 |
10,499 |
8,514 |
6,992 |
| BMW 5 Series Saloon 525i M Sport 4dr |
33,420 |
23,271 |
19,010 |
15,985 |
| Honda Accord Tourer 2.2 i-CTDi EX (hft)
5dr |
22,367 |
15,497 |
12,895 |
10,673 |
| Saab 9-5 Saloon 2.0t Vector 4dr |
24,255 |
12,921 |
10,567 |
8,598 |
Figures provided by the Whatcar Depreciation Index,
Jun 2007
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