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Early Termination Insurance / GAP Combined

We can now offer Early Termination Insurance with GAP combined, please call us on 0845 130 5979 for further information or a quote.

* Please be advised that this product is not available for purchase online, for further enquiries contact us on the number above. *

PROTECT YOURSELF IN CASE YOU NEED TO TERMINATE YOUR VEHICLE CONTRACT EARLY…
Early Termination will protect you as an individual for penalty charges incurred as a result of closing your Finance, Contract Hire or Leasing agreement early for one of the following reasons:

  • Unemployment
  • Expatriation – i.e. your company moves you abroad to work
  • Life
  • Loss Of Licence [on medical grounds]

In addition, if you become unemployed for more than 30 days and don’t want to hand your vehicle back early but need help with your monthly repayments, Early Termination Insurance will pay the Finance Company up to 3 monthly installments on your behalf. (Maximum benefit payable is £1,000 per month). If you subsequently hand your vehicle back after the 3 months this amount will form part of your maximum claim limit of £5,000.

Early Termination Insurance It is available to anyone who has taken out a Personal Contract Purchase or Personal Contract Hire.

Contract Hire Gap Insurance

Example:

  
Original cost of your car is £19,000 and you are paying £350 per month over 36 months. 12 months into your agreement you are made redundant and need to hand your car back early:
Amount outstanding on your rentals: £14,800
Less the sale price of the car after 12 months of use: £13,000 (Estimate)
This leaves a shortfall of: £1,800
Early Termination Insurance would pay:£1,800

The example shown is for illustration only.