Buy Gap Insurance for your Peugeot from Easy Gap

Vehicle Replacement Insurance (VRI) offered to you by Easy Gap Insurance is the latest and most modern form of Gap Insurance for your Peugeot, rarely offered by the majority of UK dealerships.
 
For illustration purposes, we will use Ken and his brand new Peugeot 208 Hatchback which he paid £11,695. Ken did his research and as well as his own motor insurance he also bought Vehicle Replacement Insurance.
 
Three years after purchasing his beloved Peugeot 208, Ken woke up one morning to a police call informing that his vehicle worth just £5,550, based on What Car Deprecation Calculator November 2012.
 
Unfortunately, the majority of UK drivers do not prepare themselves for the unexpected and are also not aware of how disastrous deprecation rates can be to their vehicles. Ken was however prepared and our claims team confirmed that to buy another Peugeot 208, he would have to pay an increased price of £15,000.

So what can cause car prices to increase and what happens to Ken now?
 
A rise in the price of a vehicle can be down to a range of reasons, manufacturing costs, the withdrawal of a special promotions, vat changes, labour rates, exchange rates and even just inflation itself can mean that over a period of time just as your Peugeot is loosing value the cost of a new or nearly new model is increasing.
 
A popular form of Easy Gap Insurance is called Return to Invoice (RTI). For example, if Ken’s Peugeot 208 which he paid £11,695 for was written off when it’s current market value was £5,500, then Easy Gap Insurance would pay Ken the £6195 difference. ) less the road fund which ken could claim back from DVLA).

However when Ken went to purchase a Peugeot 208 again, he seen it was now selling for £15,000, so he had to find an additional £3305 and unfortunately, RTI Gap Insurance does not take this possible inflationary price difference into account.
 
Vehicle Replacement Insurance thankfully does!
 
Ken is informed that his insurer will send him a cheque for £5,550. For Ken to buy a Peugeot 208 again, he needs an additional £9450.

Ken's vehicle replacement policy then send him the second payment for the balance in this example £9450.
 
If Ken paid for his Peugeot by cash, the £15,000 sum is free to be spent on anything he wishes. However if Ken was paying for his Peugeot 208 by finance, Easy Gap Insurance would pay the outstanding finance sum to the finance company and would send Ken a cheque with the remaining sum which again he is free to spend on anything he wishes.

For an EASY Gap Insurance vehicle replacement insurance quote, please click on the EASY QUOTE option or call our friendly sales team on 0800 195 4962, open Monday to Saturday.

Return to invoice Gap insurance for Peugeot.

Accidents happen cars are stolen. After your health, which always has to be the primary concern one of the most important things is knowing that you are completely financially secure. We don't think anyone could think of worse situation to find yourself in than after having such a traumatic ordeal, to find that you you are out of pocket by hundreds if not many thousands of pounds.

This is where return to invoice gap insurance for your Peugeot can help.

It is not uncommon that people believe that their motor insurance single-handedly covers everything no matter what situation that their vehicle may be involved in, however this is more than likely not the case. It is highly probable that your motor insurance, whilst a necessity for driving on our roads, will not actually completely cover you if your car is stolen or you are involved in a traffic accident.

Unfortunately, the case will more than likely be that because your vehicle loses value the longer you have it, your motor insurance will only cover the valuation of your car on the day it is written off.

This is where Return to invoice Gap insurance can help, as with your motor insurance, gap insurance cover will ensure that you will be reimbursed with the amount that you originally paid for your vehicle, meaning that financial strains will be taken off you with regards to being able to afford a new car.

Especially with vehicles that have been bought on finance, if there is still a balance to be repaid  then of course the full reimbursement would allow you to pay your balance along with any other costs which you see fit.

Although you may not realise it, car values do tend to drop, with the average car losing 50% of their value in their first 3 years. These examples from whatcar.com show the Depreciation of some Peugeot models:

Peugeot 107 Hatchback 1.0 Access 3dr bought at £7,995, Year 1 £5,300, Year 2 £4,350, Year 3 £3,600, Year 4 £3,075

Peugeot 207 cc 1.6 HDi 112 Allure 2dr bought at £19,495, Year 1 £10,401, Year 2 £8,551, Year 3 £7,001, Year 4 £5,975

Peugeot 508 Saloon 1.6 e-HDi 112 Access 4dr bought at £19,450, Year 1 £10,178, Year 2 £8,393, Year 3 £6,885, Year 4 £5,800

There is no type of insurance that can guarantee that you are not going to have an accident, or become the victim of a theft but being fully prepared can take some of the strain off a situation.

Click or call now to find out more about us,our range of policies for your Peugeot and how protecting yourself with return to invoice gap insurance could make all the difference.

Finance and Contract Hire Gap Insurance for Peugeot

If you have bought your Peugeot through a Finance package directly linked to your vehicle on contract hire, then you may be surprised to know that if anything happens to your vehicle, such as it is stolen or written off you are still liable for any amount over and above your Peugeot's valuation on the day it is written off and the amount that you still have outstanding on finance.

We know what you are thinking, in fact most members of the general public have exactly the same mind set....

• Number one, I'm never going to be in an accident
• Number two, No-ones ever going to steal my Peugeot
• And Number three, Even if this does happen, I have my own motor Insurance anyway.

You may be surprised to know that an estimated 600,000 vehicles are written off in the UK each year and that is equivalent to the entire population of Glasgow having their vehicle involved in an accident or stolen and written off once each and every year.

Now, although your insurance covers you in many ways and is in fact a legal requirement for you to be able to drive on our roads, it will actually only repay your finance company the amount that Peugeot is worth on the day it was written off or stolen.

This can and usually is a lot less than what your Peugeot was originally worth due to depreciation, in fact motor experts predict that the average vehicle can lose up to 50 % of its original value within the first three years alone.

For example (figures taken from What car November 2012 ) If you were to buy a Peugeot 207 for £17,995, just a coupe of years later it is estimated to be worth £9,975. Meaning, if this is when your accident took place, or this is when your Peugeot was stolen, this is the amount that would be given to your finance company by your motor insurer. Leaving you to find the rest.

This is exactly where finance and contract hire gap insurance can help as it would pay the difference between your Peugeot's valuation on the day it was written off and simply clear the amount outstanding on finance. Equally if your Peugeot was paid for using a form of contract hire even thought your finance company may call it something completely different it is still a physical financial amount that you need to pay before you can walk away from our old Peugeot with no further financial liability.

With finance and contract hire gap insurance for your Peugeot from as little as £39.00 inclusive of insurance premium tax why not call or click today to find out more?

Peugeot is a leading French auto mobile marquee of PSA Peugeot Citroen, Europe’s second largest auto mobile manufacturer company after the German Volkswagen Group.

The history of Peugeot dates back to 1810 to a region in Eastern France, Sochaux. Jean-Pierre Peugeot who is considered to be the father of Peugeot founded the family manufacturing business that produced coffee, pepper and salt. Armand Peugeot paved the way for the business to expand into the vehicle market in 1882 with the production of bicycles
Most notably the penny farthing and in 1889, introduced its first auto mobile, a three wheeled steam powered car.

The family would introduce its first petrol fuelled auto mobile in 1901, the type 1 model which was the first car of to be fitted with rubber tires. The French auto mobile company was now firmly established and even entered the UK market in 1905.

In 1929, Peugeot expanded as a company with its first mass produced car, the 201 model which was a huge success. This paved the way for the successful 301, 401 and 601 range, all launching throughout the 1930’s. This unusual, iconic numbering system of three digits with a zero in the middle would become well known throughout the auto mobile industry.

Recent Peugeot models include the 208, 308 and 508. To the interest of many, in 1934, the auto mobile company designed the first car in the  industry to have an electric folding roof. During the German occupation of France in the 1940’s, the company was placed under the control of Volkswagen, who is Peugeot's main European competitor in today’s market.

Peugeot is the oldest manufacturer of motorized two wheeled vehicles in the world and still today remains a leading brand, introducing their first scooter in 1953. The manufacturer is also a leading bicycle producer and most impressively won their tenth Tour de France in 1977, a record which has not yet been reached.

In 1975, Peugeot took over control of Citroen from the French government which created the PSA Peugeot Citroen group, which continues to enjoy great success. Presently, the French auto mobile group have expanded into new foreign markets, such as Asia and South America and still continues to remain a leading auto mobile manufacturer in the industry.

Defaqto is an independent financial research and software company that specialises in rating, comparing and analysing financial products and funds. EasyGap are proud to announce that the following products: Vehicle Replacement Gap Insurance, Return to Invoice Gap Insurance and Finance and Contract Hire Gap Insurance have a Defaqto 5 Star Rating.