Buy Gap Insurance for Mercedes

What can vehicle replacement insurance do to protect your Mercedes-Benz?

Vehicle replacement insurance is the newest and possibility the most comprehensive gap insurance available. This is because instead of simply protecting yourself against any financial shortfall or even the original invoice price you paid you are now protecting a level of vehicle.

So what does this mean to you and your Mercedes?

Vehicle replacement would pay the difference between your Mercedes's valuation and the amount of money you would need to spend to buy another Mercedes the same age, mileage and condition as yours was on the day that you drove it out of the showroom.

Lets look at a vehicle replacement insurance example and see how exactly how it would perform when you need to make a claim.

For illustration purposes lets say that you have just bought a pre-registered Mercedes. We have just Goggled Mercedes Benz and found two very large dealer groups who can supply a Mercedes Benz E Class 250 CDI Sport Auto with metallic paint for £22850 on the road.  They are pre registered in there name first on the log book, have delivery mileage and where registered on the 28th of September.

This is a fantastic deal as you are in effect saving £7680 against the cost of a Mercedes.

So you take advantage of the special Mercedes deals and treat yourself. The car as you already know is fantastic and everything is going well until in two and half years time your Mercedes is written off.  As fantastic as your E Class was we know that it will have lost value of time and that your own insurance company will pay you what your Mercedes is worth on the day.

No-one can ever categorically promise to know exactly what your Mercedes will be worth at the end of a set period of time, after all the condition and amount of miles you do can drastically effect a cars value, especially on prestige models such as Mercedes. That said What car use the current rates of depreciation and trends to predict what your vehicle will be worth at set point.

Remember that is is only a prediction but it is good guideline.

By the end of year one What car anticipate that you Mercedes will be worth in the region of £20,941 with average mileage and average usage. This then drops to £17120 by the end of year two, £13451 year three and £10909 by he end of the fourth year.

Lets be generous an say that your insurance company offer you the valuation as of the end of year two of £17120. 

This means that without any form of gap insurance this would be the only amount that you would have to replace your Mercedes or clear any finance. To compound the problem the special pre-reg deals are no-longer available, also with inflation the cost of replacing your Mercedes is now £38950.00. Even with forms of return to invoice gap insurance getting back the invoice price you paid you still still a massive shortfall.

Don't forget that your vehicle was a pre- registered vehicle that you bought within the first 90 days so any settlement of your vehicle replacement policy would be based on the cost of a replacement new car.

In this example you would get £17120 from your own insurance company
You would then be paid an additional £21830 from your vehicle replacement insurance policy.

This means that you now have the full £38950.00. You now have the funds to clear any finance if necessary and the rest the balance the equity you have is yours to do with as us see fit.

Don't forget that our vehicle replacement is very different from 99.9 % of other vehicle replacement policies in that we will never attempt to source another Mercedes for you instead you are always paid the funds. You may want exactly the same vehicle again in which case you have the funds in the bank to be able to do so. However over time tastes, public opinions even your lifestyle changes so you may want something else. Either way at Easy Gap It is your choice.

So why not click or call 0800 195 4926 and see just how easy protecting your Mercedes with vehicle replacement real can be?

What can a Return to Invoice style of gap insurance policy to protect you and your Mercedes?

Return to invoice gap insurance is the most commonly offered form of gap insurance offered by Mercedes-Benz main dealerships. They may have called it something completely different, from RTi, Combi, RTI+ and asset protection the list goes on but we hope that you get the idea.

The way to check if you have been offered form of return to invoice gap insurance for your Mercedes is to check what happens when you need to make a claim. If your policy pays the difference between your Mercedes valuation on the day it was written off and the original invoice price you paid then it is a form of return to invoice.

It may be combined with finance gap insurance or you may even be able to defer the start date with deferred return to invoice but essential you are protecting the physical amount that you paid.

So lets look at an example and see how return to invoice gap insurance works, for illustration purposes lets say the you have just bought a Mercedes-Benz SLK 200 CGI AMG Sport 2dr, according to What Car you will have paid in the region of £33,985.

The SLK is an amazing car and lets be frankly very sought after. Everything is fine until just over three years later you wake up to find that you have joined the ranks of vehicle crime statistics and that someone has broken into your home, stolen your car keys and subsequently stolen you beloved SLK.

Your insurance company offer to settle and pay you the market value of your Mercedes which again according to What Car by the end of year two your Slk is predicted to be worth in the region of £22049. This is not an excessive level of deprecation as the average vehicle normally looses up to 50 % within the first three years alone.

Without any form of gap insurance the £22049 is the only amount ( without using savings ) that you would have to replace your SLK or clear any outstanding finance.

This is exactly where return to invoice gap insurance can help.

In this example as would be the case even if you had no cover at all your insurance company pay you the market value of £22049.

Your Return to invoice policy would then pay £11936 less road fund license which you could claim back from DVLA. Don;t forget that with our policies you would also be paid £250 towards your own motor insurance as well as many other features.

This means that you now have the full invoice price you paid back. From this is you can clear any finance if nessecary and the rest of the funds, your original deposit and the equity you have accrued while making your payments are yours to spend as you see fit.

Please don't forget that not all return to invoice gap insurance policies are the same and that we work really hard to ensure that our levels of cover are what we consider to be the most comprehensive on the market. So before you buy return to invoice gap insurance why not compare our levels of cover?

With online return to invoice gap insurance for your Mercedes at up to 85 % less than main dealership prices can your afford not to protect yourself?

Why should you buy Finance and Contract Hire Gap insurance for your Mercedes?

If you are buying your Mercedes on contract hire then you already know all about the benefits. Low initial deposit / advanced payments, low commitment and then just as your Mercedes is about to start to require expensive services and maintenance costs you hand it back and start all over again.

This as well as all the taxation incentives means that buying a Mercedes on contract hire has to be a real option to consider for anyone.

What you may not know is exactly what happens if your Mercedes joins the estimated 600, 000 vehicles written off in the UK each year?

Unfortunately your contract hire agreement will not simply stop just because your Mercedes is no longer here.  Your contract hire company while we are sure being sympathetic will still need to be paid.

Don't forget that the beauty of contract hire is that your contract hire company will have based your rentals not only on what you are paying but also what they anticipate your Mercedes being worth at the end of a set period of time and thus what they will be able to dispose of it for.

As your Mercedes is not longer here there is naturally an issue that must be resolved.

Your own insurance company will pay your contract hire company what your Mercedes is worth on the day it was written off and this should cover the anticipated disposal but what about the rentals, what about the additional revenue that the contract hire company had anticipated receiving from you.? What happens to this shortfall?

Without any form of gap insurance you are still financially labile. Depending upon when during your agreement your Mercedes is written off this shortfall can be thousands and thousand of pounds as some contract hire companies are within their rights to ask for up to 90 % of all outstanding rentals.

This is where a lot of members of the public can be confused compounded in part because some contract hie companies will call these rentals many different things, rental contributions, settlements the list is endless. 

Instead the easiest way to think of how contract hire gap insurance works and how it could protect your Mercedes is that if your vehicle is written off it pays the difference between your Mercedes valuation and the amount you need to clear your outstanding financial liability leaving you free to walk away from your old vehicle and buy another.

With contract hire gap insurance to protect your Mercedes from as little as £39.00 why not explore your gap insurance options and see what finance and contract hire gap insurance can do for you?

Mercedes-Benz is a German auto mobile manufacturer of luxury auto mobiles, buses, coaches and trucks and part of the German auto maker company Daimler AG.

Mercedes-Benz is the world’s oldest auto mobile brand still in existence today and is often cited as one of the worlds most recognized brands alongside Nike and Coca Cola.

The company’s roots originate to the 1880’s with the work of Karl Benz and Gottlieb Daimler. Independent from one of the other, both men laid the foundations for the motorization of road transport. Karl Benz founded Benz & Cie in 1883 and Gottlieb Daimler founded Daimler-Motoren-Gensellschaft in 1890. The Mercedes name originates from the Austrian businessman Emil Jellinek who began to work with the Daimler Company and helped them develop a range of models. Emil Jellinek had a daughter called Mercedes which is Spanish for ‘grace’, and Daimler decided therefore to adopt the beautiful Mercedes brand name. In 1924, the two companies merged and formed Mercedes-Benz.

Mercedes-Benz have invested greatly into their ‘green’ range of auto mobiles such as hybrid electric and fully electric cars. To the interest of many, in the 1980’s, Mercedes are seen to be a leading pioneer in auto mobile technology, being the first to introduce ABS and ESP systems and to the interest of many, built the world’s first robot car.

The German auto maker employs one inspector for every eleven employees, and by the time a Mercedes-Benz vehicle arrives in the show room, it has gone through over a thousand vigorous inspections, priding themselves on quality manufacturing.

The iconic Mercedes-Benz logo is a three pointed star which represents the company’s ability to manufacturer engines which can cater for, land, sea and air. Mercedes sponsors German football champions VFB Stuttgart and provides naming rights for their stadium, the Mercedes-Benz Arena.

Mercedes-Benz current product range includes the Coupe, Convertible,Sedan, Sport Utility models. The company manufactures their auto mobiles in all corners of the world, such as Argentina, Canada, Spain, China, Indonesia, Nigeria and Mexico.

EasyGap's Vehicle Replacement Gap Insurance, Return to Invoice Gap Insurance and Finance and Contract Hire Gap Insurance Products have been rated 5 Star by independent financial research and software company Defaqto. Please refer to the Defaqto Motor Gap Insurance Star Ratings to see how other Gap Insurance Providers compared.