After some advice on GAP Insurance if anyone has experience!
I've never bothered with it before, but if the car was to be written off it would be a bit of a financial nightmare, so I'm thinking of getting it this time. The online places (rather than BMW themselves) seem the best value, as to be expected, though I may see if BMW will match or get close to their prices.
The car is just shy of £45,000; and I'm well aware that probably £10k will be wiped off that as soon as I drive it out of the showroom. With the car being on a 4-year PCP, the shortfall from an insurance pay-out for its market value at the time - vs invoice and/or finance settlement - could be substantial.
For return to invoice, I've had a quote so for of £289 for the full 4 years. 2 years is £186.
I'm thinking of getting the 2 years cover; reasoning being that a large proportion of the value will be wiped off in year one as soon as it's "not new", and after 2 years (halfway through the term), I will have paid a lot of the finance off, so any shortfall will hopefully be minimal, rather than catastrophic as it would be in year 1 certainly, and also perhaps in year 2.
Does all that sound like a good plan, or would I be better getting it for 3 or 4 years instead?
Any help appreciated