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Guaranteed Asset Protection – don’t run the risk!

Accidents DO happen. Could you afford the financial fall-out if you wrote-off your car?

 

Skip additional linksLast year over 1.5 million cars were stolen, and 750,000 cars were written-off (ONS). More than half of the 10m new and used cars bought last year were purchased with some kind of finance agreement. But insurer versus owner valuations frequently differ and a damaged vehicle can prove costly to repair or replace.

 

For example, a new driver takes out a car loan for £7,000 and four months later the vehicle is written-off. The insurer pays out £6,000 and the driver is left with no car and a shortfall of £1,000.

 

AnyCredit Car Finance offers insurance called Guaranteed Asset Protection (GAP) to repay the shortfall if this happens and would then provide you with a car loan for a replacement vehicle. GAP Insurance can either be added to your car loan repayment or paid in a low, one-off payment.

 

Client testimonial
Roger Parker took out GAP Insurance alongside an £8,000 AnyCredit Car Finance Ltd Car Loan when he bought a Ford Focus in March 2007. In November, his tyre blew out and the damage was so severe that the car was written off.

'My insurer paid out £6,850 as the write-off value of the car but I still owed another £1,328 to the finance company – leaving me with a shortfall. The GAP Insurance I took out with AnyCredit Car Finance Ltd paid the shortfall for me and I was delighted.’

 roger

 

AnyCredit Car Finance are authorised and regulated by the
Financial Services Authority. Rates are correct at time of
advertising and are subject to change without notice.
All finance is subject to status and income.

19.9% APR Typical Variable
AnyCredit Car Finance expects 66% of its customers to
qualify for this rate or better.

The conditional sale or hire purchasefinance we provide
or source is only secured on the vehicle you
are purchasing/hiring, not your
home or other possessions