Buy Gap Insurance for Ford

Protect your Ford with Gap Insurance at Easy Gap

Both the Ford Fiesta and the Ford Focus models have been two of the best selling models in the past 24 months and are probably the two most protected models, in terms of Gap Insurance in that period of time. There are three forms of Gap Insurance capable of protecting you fromdepreciation, Return to Invoice, Vehicle Replacement and Finance and Contract Hire.

It is highly likely that you will have been offered a form of Return to Invoice Gap Insurance during the purchase process of your Ford model for somewhere in the region of £295. However, we at Easy Gap could offer you the same level of protection for a considerable amount less.

What is vehicle replacement and what can it do to help protect you and your Ford?

Vehicle replacement insurance is the latest form of gap insurance and it is fast becoming the most popular. This is because if something happens and your Ford is written off and only protected yourself with a form of return to invoice gap insurance and get all your money back that is no guarantee that you will be able to get the same vehicle again. 

After all just as we all expect the real value of our vehicle to drop over time we equally expect the cost of replacing it to increase.

Transportation costs, Vat rises, labour rates, even raw material prices all means that over a period of time the physical cost that you will have to spend to buy another vehicle will increase. Vehicle Replacement will ensure that you receive the difference between the market value of your vehicle on the day it is declared a total loss and the amount it costs to replace your Ford model to the same age, mileage, specification and condition yours was on the original day of purchase.
What is Return to Invoice Gap Insurance for Ford?

Return to Invoice is most likely the level of gap insurance that your dealership will have spoke to you about. This means that if your Ford is written off it pays the difference between your Fords valuation on the day and the original invoice price that you paid.

Simply put, this means that between your two insurance companies you are paid the original invoice price, from this you can clear any finance outstanding and then the balance in the middle is yours to do with as you see fit.

(figures taken from What car 2012) For example, lets say that you have just bought a Ford Mondeo Estate 1.6 120 Edge 5 door and paid £19350. In three years time your Mondeo skids on lack ice. Thankfully, no-one is hurt but your Mondeo is written off. Don't forget that your own motor insurance is only ever legally obliged to pay you what your Mondeo is worth on the day it was written. The average vehicle is estimated to lose up to 50% within the first three years alone.
What is Finance and Contract Hire Gap Insurance for Ford Cars and Commercials.

Purchasing a vehicle on a PCP or a contract hire agreement is in fact the most popular way to purchase a new vehicle in the UK. However, did you know that if your vehicle is written off you are still liable to clear any outstanding finance. If your motor insurance company only cover the market value of your vehicle on the day it is more than likely that there will be shortfall between the insurance valuation and the contract hire settlement.

This is where Finance and Contract Hire Gap Insurance can help you. This form of protection has the ability to protect the difference between your motor insurance settlement and the amount of finance you have outstanding on the vehicle on the day it was written off or stolen.
Ford is an American multinational auto mobile manufacturer founded in 1903 and is currently the second largest auto maker in America and the fifth largest of such in the world.

Henry Ford, an Irish-American immigrant founded the Ford Motor Company in Detroit, Michigan along with two other influential investors including John and Horace Dodge (who would go on to form the Dodge brand). The first model to bear the Ford name was the Model A in 1903. Henry would transform the auto mobile industry and become a world innovator by introducing the world’s first assembly lines in his factories and lead the way for the mass production of his vehicles, most notably the world-renowned Model T.

Henry would introduce the 8 hour working day and was known for paying his employees a decent, worthy wage, which they would spend on purchasing their own Ford vehicle. Ford would cater its vehicles for the average low income American and played a leading role in America’s recovery following the great depression in the 1930’s. Henry died in 1947 and a remarkable seven million people paid their respects at his funeral.

Ford have been the best selling manufacturer in the UK for a number of years and plan to further the success with a number of new models on offer. The US based firm have recently released a new look KA model for the UK market to back up the success of the Fiesta. Towards the end of 2014, Ford expect rivals Vauxhall to release a 1.0 litre engine that will rival the 1.0 litre award winning EcoBoost engine fitted in both the Focus and the Fiesta.

It has been rumoured that the Ford brand have been developing a solar powered model to combat the success of the electric/hybrid models. Ford also plan to further the success of the Fiesta model by introducing a new Fiesta ST3 model in 2014.
Why choose Gap Insurance from Easy Gap for your Ford?