Research by GAP Insurance provider, ALA Insurance has revealed that the average car owner is offered £286 below market value on claims where their car has been written off. Prompted by the news that Direct Line have been instructed to review unfair settlements from the past five years, ALA analysed over 3,748 claims to show which car makes, specifically receive the lowest payout based on market … [Read more...]
Covering investment rarely considered by car buyers
A new car loses approximately 20% of its value when it is driven off the showroom forecourt, and cars lose between 15 – 20% of their value each year, however, different makes, models and even colours will all hold and lose their value differently. Depreciation is the difference between what you paid for a car and the amount you can get back when you sell or trade it in. It is often … [Read more...]