Buy Hyundai Gap Insurance

The Korean brand Hyundai have become one of the most in-demand manufacturers in the UK Car Market. The likes of the Santa Fe and the IX35 models are amongst the best selling models at Hyundai. However, whilst the Hyundai brand may be in demand, like any other make and model, they are susceptible to depreciation.

If your Hyundai model was declared a total loss, your motor insurer is only liable to pay you the market value of your vehicle on that day. Due to depreciation this settlement figure could be thousands of pounds lower than the price you paid or the cost to replace the model. This is where Gap Insurance can help you and your finances.
How can Vehicle Replacement Insurance help you and your Hyundai?

This form of Gap Insurance is said to be the newest and most comprehensive level of cover on offer for you and your Hyundai in the Gap Insurance industry. This is because this level of Gap protection will protect you from the effects of both depreciation and the appreciation to the cost of a new model.

Combined Vehicle Replacement Easy Gap Insurance would pay the difference between the market value of the vehicle involved on the day of the accident and the higher of either the amount outstanding on finance (if finance was the method of payment) or the current replacement cost of a similar vehicle of the same age, condition and mileage of Hyundai on the day you originally bought the car.

How can Return to Invoice Gap Insurance help protect you and your Hyundai?

For example, if you have purchased a brand new Hyundai i20 for the tidy price of £12,000. Did you know that if you wrote that Hyundai model off in just three years time you may only receive £6,000. This is because your motor insurer would only ever pay you the market value of your vehicle on the day it was written off.

However, with Return to Invoice Gap Insurance the full £12,000 of which you paid for your vehicle will be protected. Return to Invoice Gap Insurance will protect the difference between the market value of your vehicle on the day it was declared a total loss (i.e your motor insurance settlement) and the original invoice price that you paid for your Hyundai.

Why do you need Finance and contract hire gap Insurance for your Hyundai?

Motortrade experts have recently estimated that your Hyundai could be worth a massive 50% less than you paid for the vehicle due to depreciation, in just over three years time. This is by no means excessive and is perfectly normal.

This can become a huge problem if you were to have your vehicle stolen or written off in that period then your motor company will only pay out the market value of the car on the day it was written off, this could leave you with a massive shortfall between the amount that you still owe on finance.
This is were Finance gap insurance can help. Finance gap insurance pays the difference between the market value of your vehicle on the day it was written off and the outstanding finance you owe leaving you free to walk away with no further financial liability.

Hyundai Motor Company is a South Korean auto maker founded in 1967 by Chung Ju-Yang.

Hyundai along with fellow South Korean auto maker, Kia make up the Hyundai Motor Group which is the world’s fifth largest motor group in the world. Hyundai alone is ranked the eight largest auto maker in the world. Hyundai currently operates throughout all corners of the world in 193 countries including India, Egypt, Russia, Turkey, Philippines and New Zealand.

The company’s first model was the Cortina which was introduced in cooperation with the Ford Motor Company in 1968. They developed this car with the help of five influential British car engineers from the then British Leyland Company. The was later developed into the Pony model which was introduced in 1975 and was first exported to Ecuador, surprisingly enough. In 1984, the Pony began exporting to Canada were its great success allowed the model to become the top selling car at the time. Due to American emission laws, the Pony model was not allowed to enter. In 1985, the one millionth Hyundai car was built, citing the incredible success since its creation in 1967. This would soon expand to four million in 1990.
Hyundai have recently announced the news that they have reached over 6 million sales of new models in Europe. Since the regeneration of the Hyundai and the Kia brand in 2008, the Hyundai brand alone has put over 250,000 models on the roads of the UK.

In the last number of months the Hyundai brand has designed a number of exciting new concept models as well as releasing a brand new look Santa Fe model. Alongside Hyundai, Kia themselves have taken a stong hold in the European car market and the UK Crossover Car Market in particular with the Sportage.
Protect your Hyundai with Peace of Mind