Buy Chrysler, Dodge & Jeep Gap Insurance

Chrysler, Dodge and Jeep are three of the worlds biggest brands and are of course part of the Chrysler Group. However, the Chrysler Group has recently been purchased by the Fiat brand which may see an increase in popularity on the roads of the UK. Chrysler, Dodge and Jeep are amongst the long list of US manufacturers who have somewhat failed to join the best selling manufacturers in the UK.

However, both Chrylser and Jeep still have a strong number of sales, whilst Dodge have almost completely moved out of the market. Due to the trio of manufacturers not being as popular in the UK, depreciation rates may be more severe than the average vehicle. Depreciation is simply the rate at which your vehicle will lose value.

This depreciation along with the fact that your motor insurer is only liable to pay you the market value of your vehicle is the reason why you need Gap Insurance.
If you have purchased a Chrysler, Dodge or Jeep model one thing is for certain, is that they will all be susceptible to depreciation. A recent report has highlighted that even the most desirable model is capable of losing as much as 50% of value within the first three years. If your vehicle is written off and declared a total loss, your motor insurer is only liable to pay you the market value of the vehicle. This is likely to be thousands of pounds less than you paid.

However, this is where Return to Invoice Gap Insurance can help you. Return to Invoice Gap Insurance does exactly what it suggests and will return you to the full invoice price that you paid. This form of protection will cover the difference between the market value of your vehicle on the day it was declared a total loss (i.e you motor insurance settlement) and the original invoice price that you paid for the vehicle. This ensures that you receive the full balance, deposit and equity as well as having the ability to clear any outstanding finance, if any.

If you have purchased your Chrysler, Dodge or Jeep through the form of financial agreement along with a large deposit, then this type of cover may be ideal for you.
Vehicle Replacement Insurance is said by many to be the most comprehensive level of cover. This is because it has the ability to protect both the depreciation of your vehicle as well as the appreciation to the cost of a new one. Put simply, rather than protect the amount you have paid, you are protecting a standard of vehicle.

Vehicle Replacement Insurance will pay the difference between the market value of your vehicle (i.e your motor insurance settlement) and the cost to replace the vehicle with the same make, model, age, mileage and specification as yours was on the day of purchase. This will ensure that you have the ability to purchase the exact same model in the event of your vehicle being declared a total loss. If the vehicle is no longer available, settlement will be based on the superseding model.

If you have purchased your Chrysler, Dodge or Jeep at a discounted price or in the knowledge of the model being replaced, then Vehicle Replacement Insurance may be the ideal level of cover for you.
This form of Gap Insurance is the originating form of Gap Insurance and like Chrysler, Dodge and Jeep was created in the US. The type of cover was designed for those who purchased their vehicle through the form of a financial agreement and had to finish the payments despite the vehicle being written off and declared a total loss. Did you know that if your contract hire model was written off, you would still have to clear the outstanding finance?

Well, now you know. Finance and Contract Hire Gap Insurance is designed to protect you from just that, this form of protection will cover the difference between your motor insurance settlement and the amount of finance you have outstanding on the vehicle. This ensures that you are not left paying for a vehicle you no longer own.

However, if you have placed a large deposit on your Chrysler, Dodge or Jeep then Return to Invoice Gap Insurance may be the most ideal type of cover for you.

Chrysler was founded by Walter Chrysler in 1925 and was seen by many as a late comer to the industry, as Ford and Cadillac had already made there presence known as pioneers. To the interest of many, Walter Chrysler is the man to credit for the famous Chrysler building in New York, which was once the tallest building in the world. In 1998, Chrysler was taken over itself by Daimler-Benz of Germany and as a result of further financial problems, the German company sold Chrysler to Cerberus Capital Management, an American investment fund in 2007. As the result of the recent world economic crisis, were Chrysler witnessed car sales fall from over two and a half million in 2000 to just fewer than one million in 2009, the auto mobile company was forced to seek a federal bail out from Congress. In 2009, the Italian auto mobile manufacturer Fiat came to the rescue and have successfully (to date) re-instated Walter’s success with increased car sales due to an improving world economy.

Chrysler News
Chrysler announce that the 200 Convertible model will no longer be developed for the car market in 2015.

Dodge is an American auto mobile manufacturer, founded in 1900 as the Dodge brothers Company.

John and Horace Dodge first began manufacturing engines and assembly parts to the growing Detroit auto mobile market, most notably, the Ford Motor Company. The brothers soon decided to expand into the actual auto mobile manufacturing market and successfully introduced their first model, the Dodge 30 in 1914, which rivaled the popular Ford Model T and paved the way for brothers to become the third largest American auto mobile manufacturer in only their second year in production. By 1920, they soon became the second largest manufacturer, unfortunately the same year the two brothers died. After the death of its founders, Dodge was brought by an investment group, Dillon, Read & Co for $146 million, which at the time was the largest cash transaction in history. The 1930’s was not successful as the previous decade, as the new management could not retain the same success as the two brothers had and sales began to fall. Dodge had now dropped to the seventh largest manufacturer by 1927. By 1928, Dodge was now owned by Chrysler who began to revive the success the Dodge brothers had first created.

The iconic Jeep is a well recognised brand across the world. However the history of the Jeep is not as well recognised which unfortunately does not do its founding father, John Willy's any justice. There is no proven explanation of the origin of the word ‘Jeep’, however the two most wide spread explanations are just as entertaining as they are interesting. The vehicle Jeep was designation by the US military as ‘GP’, Government purpose, which was arguably slurred into the word ‘Jeep’. The second explanation which disputes the former argues that the soldiers in the US military at the time were so impressed with the ability of the Jeep that they named it ‘Eugene the Jeep’, a character from the Popeye cartoons who boosted the similar supernatural capabilities as the Jeep vehicle.

Jeep News
Jeep have announced that they will build a new SUV model that will rival the success of the likes of the Nissan Juke in the UK Car Market. The US manufacturer have also confirmed that they will be developing a new Grand Cherokee model for the UK Car Market.

Why choose Easy Gap for your Chrysler, Dodge & Jeep?