Anyone taken this out recently. Fiat want £360 squid for a dual policy covering car value or finance whichever is greater ammount should you need it. Anyone recommend any alternative more competitive deals?
Daughters doing a 3 year finance deal with on a new Fiat. Thought it's worth considering in case the car is written off or stolen and the insurance settlement is a lot lower that the outstanding debt on the car.
It's bad enough having negative equity on a property, but on a car it's just madness.
Tell her to go out and buy a decent 2nd hand car she can afford, without borrowing loads. Sure it's not as 'flash' as a new car but it will still get her about. You can even buy some four year old cars out there still with a years manufacturers gaurantee.
Daughters doing a 3 year finance deal with on a new Fiat. Thought it's worth considering in case the car is written off or stolen and the insurance settlement is a lot lower that the outstanding debt on the car.
Get the £360 and stick it in the bank for the 3 years. If the worst happens, then the "gap" has to be bigger than £1000 for it to matter.
Also worth noting, Direct Line policies are new for old replacement in the 1st year at no extra cost.
was offered this when buying our year old Qashqai and I think 3 years cover cost us £150 which I thought good value. Will be particularly good value if we get to use it after 2 years 11 months !!
I just take the view that there must be a catch or everyone would just write off their car the week before the policy expires and get their money back on the car.
I was offered it on my recent car purchase and didn't take it up. Seemed like a waste of money, but I won't be saying that if the car gets written off or stolen in 6 months time!
Comments
Just buy a cheaper car or put down a bigger deposit.
Tell her to go out and buy a decent 2nd hand car she can afford, without borrowing loads. Sure it's not as 'flash' as a new car but it will still get her about. You can even buy some four year old cars out there still with a years manufacturers gaurantee.
Get the £360 and stick it in the bank for the 3 years.
If the worst happens, then the "gap" has to be bigger than £1000 for it to matter.
Also worth noting, Direct Line policies are new for old replacement in the 1st year at no extra cost.
But - you can get it for a lot less than £360..