Got your Audi R8 Finance sorted what next!
You’ve decided on your car and you have fallen in love with the Audi R8 and you’ve set up your finance deal. It’s not something you want to talk just when you’ve signed the dotted line for Audi R8 finance but how much will this car depreciate in value over the coming years. It is a known fact that most cars depreciate in value about 50% in the first couple of years and thereafter continue to lose value. Don’t get the hankies out yet though as we’ve found a brilliant way of overcoming this problem with a product called Gap Insurance.
The good news about Gap Insurance is that it is flexible and can be used for brand new or used cars, for contract hire, leased or even hire purchased cars. So whatever your financial option Gap insurance gets the depreciation covered but how does it really work?
Audi R8 Finance with Gap Insurance
Gap insurance is a must to sit alongside your Audi R8 Finance deal to give you the peace of mind that should the worse happen then you are covered. The way it works is that if your car is stolen or you have an accident which deems it a write off then the gap insurance will give you a pay out which is based not on the car’s market value at the time but on the original cost of the car at the start of the cover policy. The gap insurance company makes up the difference between the normal insurance pay out and the original cost of your car which means there is no risk of financial loss.
The good part about this type of policy is that whatever way you paid for your car there is a gap policy to cover you. If you paid in cash for your car then the gap insurance you will require will be based upon the invoice or receipt note. Likewise if you have hire purchase payment is in line with the invoice price. However what if you’ve had your car for a few year can you still take out gap insurance. The answer is yes – you just agree a fixed price with the gap insurer at the time of purchasing the policy. If you want to sleep knowing that your car is totally covered your definitely need gap insurance.