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Buying GAP insurance lease car - What is 'invoice amount'?


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I started my first car lease last month.

 

I am considering getting GAP insurance.

 

To get a quote, I am asked for the 'invoice amount'.

 

Would that be the total value of the car (£22k), or the amount I will be paying over the three-year lease (£9k)?

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why do you think you need gap insurance?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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here explains things nicely...

Do You Need GAP Insurance On A Lease Car? | Moneyshake

 

 

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Purchase price of the car ( the cash equivalent) and not the lease amount total.

 

 

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Yes, it's the total cash value of the car.

 

The insurer doesn't care how much you're paying over the course of your lease, your monthly payments etc, they're only interested in the total value of the car, because it's the gap between that and its value at the point of loss they would cover through the GAP insurance policy.

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