Can I take gap insurance off my order?

[LHVRS]

Hi 

 

I ordered a new VRS on Monday and was sold on the idea of gap insurance. I agreed to buying it at £499 and this was added to the total price so will be paid off throughout the PCP deal.

 

My sales guy said he'd send me an email and I had to reply confirming I want this (haven't replied). Signed all the paper work and went home waiting for the call to tell me the finance has been approved. Got the call :clap:  so started looking into the gap insurance and have found out, 1, my insurance will cover me for the first year and second I can get it much cheaper.

 

So my question is can I change this or because I've signed paperwork I'm now stuck with paying it? My thinking is I've not sent a confirmation reply via email and the cars not due to reach me until end of May so I can alter this. Still have a 3k deposit to pay so it could be taken out of this so payment details stay the same. 

 

Thanks for any help 

Luke

Edited 17 February, 2016 by LHVRS

[LHVRS]

I reckon I'm in my right to do so so have emailed the dealer.

 

cheers  

[RapidPaul]

Provided you haven't signed the paperwork, then yes. Even then there should be a cooling off period. Gap insurance is a handy product if you're buying the car on finance but it has a low claim to premium ratio. £399 is way too much but dealers have been known to drop the price of the car by a bit more so they can claim their commission.

Edited 18 February, 2016 by RapidPaul

[Brimma]

I took the option of cancelling GAP insurance in the cooling off period

The dealer charged £399 for it, but the GAP company wrote to me saying they were refunding the £200 premium (this was on a £10k Citigo), so it may be that dealers are adding more than the actual cost

I ended up having to get the dealer to refund the balance

Edited 18 February, 2016 by Brimma

[LHVRS]

Cheers guys, I emailed my sales guy last night and just had a response saying not a problem they will take it off my order and knock it off the remaining deposit I have to pay when I pick the car up.

Cheers