Jon, I've been wondering exactly the same.Jon A wrote: ↑Mon Apr 04, 2022 7:11 pm So could do with some opinions here. With insurers paying out to “current used value” do I need gap insurance?
Current used value will be above list in the present market where as gap will return to invoice?
Feels like standard fully comp is the way to go but I am probably missing something so thoughts appreciated.
Traditional gap cover is pretty much useless for a new Macan GTS, even on finance. It's there to protect you from a normal car purchase that tanks say 20-30% of its value in the first year, not something currently worth 20% over list!
As for insuring the upside, I'm not sure to be honest. I would aim for a specialist broker policy who are used to dealing with valuable cars and can do an agreed value. Pace Ward, Adrian Flux, A plan etc, you might get away with agreeing your value at current market rate? I'm going to look to do the same, as I'll be massively peeved if something happens to my car when it arrives as there's no chance of another any time soon.
One of my other cars is a Clio Trophy, slightly different value to a Macan but I have it with Flux at an agreed value which cost me something like £15 extra. WBAC/trade price for the Clio is around £1,500, whereas its real value is currently anywhere around £15k.