[225]

Just getting quotes for the new Volvo and they are very high due to the value on the car. I mentioned the 45k list price which is whats killing it.
Now for my own cars i would put the value paid and use GAP, I assume this would be better for a lease but not sure what value to put on?

Any tips for people who have leased before?

Cheers

[davyk31]

I would just tell them the cars list price. Shaving 5k off the value really won’t change the premium much but leave you vulnerable.

[JD6]

I imagine your previous 340i had a similar, if not higher list price?

[dazzapb]

I had this issue with the s5 too being my first lease. Elephant wanted an extra 100 quid ish as i wasn't the registered keeper, this might be the main reason dude. Upon renewal I switched to LV, saved 50% on my renewal price but i think that was mostly due to having collision detection/breaking.

ALA were great on GAP as they price matched plus 20% on other quotes. Worth a shot.

[Kyuuseishu]

When I insured my lease (albeit significantly less than yours) I was told to use the P11D value of the car when doing insurance and GAP. It is also useful getting lease GAP on it as it protects your shortfall if it's written off and depending on cover you can get your initial deposit back. I used Frank Pickles and got 2 years GAP with £1500 initial deposit insurance for £90.

Also be careful regarding the excess. It may just be my funder, but they required an excess of no greater than £250 which was a pain when my current was £500 for cost purposes on the 340i. Best to read the small print regarding insurance requirements.