Imagine your new car is declared a write-off due to an accident, fire or theft.
Now imagine discovering that your insurance company payout will not match the original price you paid for your car. With more than half a million vehicles written off in the UK each year, many drivers find that they end up owing money to their finance company when their insurance payout doesn't match the outstanding balance. GAP (Guaranteed Asset Protection) and RTI (Return To Invoice) warranties are designed to protect you against this risk and can prevent you from being left out of pocket. Even if you are not liable, you are almost certain to find a shortfall between the amount you receive in settlement from your insurance company and the price you originally paid. This shortfall could be a significant sum depending on the rate of depreciation of your car.
Who will protect you against this financial loss?
TFS Vehicle Leasing GAP/RTI products protect you the purchaser from financial loss in the event that your vehicle is written off in an accident and can be added to all new and used cars leased or purchased from TFS. Our products are designed to provide financial protection in the event of an accident or loss regardless of how you originally funded your car or van, business or personal, leased or owned. If you have paid for the car outright, our Return To Invoice (RTI) cover could ensure you get back what you paid for the car in the event of a claim. If you are paying for the car on a finance agreement or lease, then our Finance Guaranteed Asset Protection (GAP) cover may make sure that if your insurance payout falls short, you won't be left with the outstanding finance.
Talk to one of our leasing advisors today about the benefits of our GAP insurance products and policy prices on 0800 910 1111 or use the request call back box which you can find at the top right corner of this page.