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GAP insurance?


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#16 Mark M.K

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Posted 17 February 2009 - 10:43 PM

Check out the dealers "special offers" on the website....

http://www.ringways....ewmodel.php?r=2

Sorry but your almost 2000 more expensive on Zetec models than many dealers, im surpised you even sell cars

I'm glad your backing me up hedgepig as i hate car dealers misleading people and ripping us off :)

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#17 Nipz

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Posted 17 February 2009 - 10:51 PM

Can someone that got their GAP insurance online please link me so i can look into it please :)

Thanks :D

#18 hedgepig

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Posted 17 February 2009 - 10:59 PM

Check out the dealers "special offers" on the website....

http://www.ringways....ewmodel.php?r=2

Sorry but your almost 2000 more expensive on Zetec models than many dealers, im surpised you even sell cars

I'm glad your backing me up hedgepig as i hate car dealers misleading people and ripping us off :)


Mark, I'm with you 150% on this.

It makes my blood boil when I think of how long we've been victims of unscrupulous dealers but as I said above............times they are a changing............... :)

#19 KeithC

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Posted 18 February 2009 - 12:36 PM

I agree with Mark and Hedgepig on this.

adzmcp, as a dealer, what you said is an absolute disgrace and I wouldn't deal with you if you were actually cheaper than all your rivals. You also tell porkies, every GAP quote I looked at online covered everything I wanted a GAP to do, nothing more or nothing less and if you honestly think I'd pay 2 or 3 times the money just so it can go in your back sack then you are seriously deluded.

As a consumer, I want whatever I want to purchase at the cheapest price I can get it, and that's what I did when I put my order down for a new Fiesta, and that's why you didn't get my order. You want people to come in and pay the price on the screen but unfortunatley for you, people are no longer gullible as they were years ago, they look around, compare prices and generally go for the cheapest.

As a Ford dealer, have you ever offered the going rate for a p/ex, or have you screwed every penny out of every p/ex deal you've done. I've a feeling I know the answer, so no need to reply.

Have you ever given false information or insinuated , such as with the Options finance, whereas somebody such as Nipz was told that she could use her car at the end of the finance to p/ex against another where actually she'll just have to give it back as the car will be worth (in the dealers eyes) the same as the GMFV. Have you ever given more back than the minimum amount? Remember the endowment fiasco, I get the impression that some sales people are using he same techniques to sell the Ford Options finance, and if they are, I hope they do close down, as they are nothing but scumbags.

Do you have to pay to advertise your stock on this site and if not, I presume you saw it as an opportunity to get something for nowt, free advertising and how ironic that would be after your rant at consumers beforehand.

My role in life is to utilise my money the best I can, not to make sure there are x amount of salespeople swanning around a showroom twiddling their thumbs and turning customers away. If your dealership goes under, it's because you are not competitive enough and that will be your fault, nobody elses.

See, it's a two way thing, but I get the impression you want everything your way.

#20 Nipz

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Posted 18 February 2009 - 12:43 PM

My role in life is to utilise my money the best I can, not to make sure there are x amount of salespeople swanning around a showroom twiddling their thumbs and turning customers away. If your dealership goes under, it's because you are not competitive enough and that will be your fault, nobody elses.

See, it's a two way thing, but I get the impression you want everything your way.


Love it!!!

Ford are lucky they make nice cars, because their service is !Removed!! (pardon my french)

Im going to have to wait an extra 10 days minimum now for my car because of Ford cant get its !Removed! into shape and couldnt organise a 5 year olds birthday party! Any longer than these painful 10 days and i will be demanding my money back and ill be off to buy from somewhere else!

#21 KeithC

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Posted 18 February 2009 - 12:51 PM

could someone post a link to where they got the GAP insurance cheap from so I can either go with them or try and get ford to match them.

Thanks for the replys tho :)

O and yea I mean give the car back and use it for the deposit for my next car. This is what I was told anyway. Hope it's not wrong.


Hi Nipz, that was the reason why I entered this thread.

I'm presuming from what you said previously is that a sales person as insinuated that when you come to the end of the Ford Options Finance, you can hand the car back and use it as a part exchange/deposit an a new car.

That is only possible if the dealer is prepared to offer you more for the car than the GMFV (Guaranteed Minimum Future Value) which you should have as part of the agreement.

So, for example, if the GWFV they gave you when you took the finance out is 4500 that is what they guarantee the car is worth at the end of the term. Come the end of the term, you have the option of giving them 4500 and keeping the car. Your other option is to give them the car back and walk away to get another deal elsewhere.

From what you have said previously, I get the impression you were told, if at the end of the term the dealer is valuing the car at 5500 then you can use the 1000 difference as a deposit/part exchange against another car.

This is what happened when people were sellling endowment mortgages, they were telling people at the end of term, the endowment would be worth more than the mortgage, so the difference would be yours as a lump sum to spend as and how you want. The reality was, that the endowments in general weren't even enough to pay the mortgage, never mind give you a lump sum at the end of it.

I severely doubt at the end of the Options Finance that the car, in the dealers eyes, will be worth a penny more than the GMVH, so you then have the option of giving them 4500 to keep the car or give them the car back and walk away.

I just hope you've not got your hopes up to much that you'll be quids in at the end of the deal.

#22 Nipz

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Posted 18 February 2009 - 12:58 PM

Hey,

Thanks for the help KeithC!

Nah i havent planned on being quids in. But yea i was told that i can use the 'car' as my deposit for my next car! :( I will be having words with my sales lady... i dont like being lied to.

At the end of the two year i will be 100% handing the keys back and be off to get a 1 series, unless there is a ST version out that looks the business :)

Just want the car now :(

#23 KeithC

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Posted 18 February 2009 - 01:08 PM

Hey,

Thanks for the help KeithC!

Nah i havent planned on being quids in. But yea i was told that i can use the 'car' as my deposit for my next car! :( I will be having words with my sales lady... i dont like being lied to.

At the end of the two year i will be 100% handing the keys back and be off to get a 1 series, unless there is a ST version out that looks the business :)

Just want the car now :(


Not a problem and I'm sorry you've been duped or misinformed. I hate dishonest sales people with a passion.

Hope you get your car soon, I've another, or should I say the wife has another 2 weeks this Sat if the date hasn't been put back.

#24 Mark M.K

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Posted 18 February 2009 - 01:14 PM

Nipz, you will be able to use the car as a deposit providing theres extra money in the car once the finance is paid off. 99% of dealers will give you little as possible and end up with you having nothing to show for it.

As for your repayments, almost 200 a month seems very high for a 2 year finance agreement. What deposit did you put down?

#25 Nipz

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Posted 18 February 2009 - 01:15 PM

Not a problem and I'm sorry you've been duped or misinformed. I hate dishonest sales people with a passion.

Hope you get your car soon, I've another, or should I say the wife has another 2 weeks this Sat if the date hasn't been put back.


The sales lady the snow is to blame for mine. So im sure you'll be fine :)

But looking back at the dates i was given first, the car was never going to be here for the 18th!!! Hate liers!!

#26 Nipz

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Posted 18 February 2009 - 01:16 PM

Nipz, you will be able to use the car as a deposit providing theres extra money in the car once the finance is paid off. 99% of dealers will give you little as possible and end up with you having nothing to show for it.

As for your repayments, almost 200 a month seems very high for a 2 year finance agreement. What deposit did you put down?


I put 1000 upfront.

I looked around first but couldnt get the spec for much less. Please dont say i could of got it a lot cheaper :( lol

#27 KeithC

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Posted 18 February 2009 - 01:18 PM

I put 1000 upfront.

I looked around first but couldnt get the spec for much less. Please dont say i could of got it a lot cheaper :( lol


I won't ruin your day completely then.

#28 Nipz

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Posted 18 February 2009 - 01:22 PM

I won't ruin your day completely then.


Nah go for it :) what price should i have got it for for the spec i have (look in my sig)

#29 Truly55

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Posted 18 February 2009 - 01:23 PM

I put 1000 upfront.

I looked around first but couldnt get the spec for much less. Please dont say i could of got it a lot cheaper :( lol


You did fine. :) Don't listen to anyone else or you'll go mad with frustration at hearing others' deals.

My car's is still showing at being built in Cologne on the 11th February <_< with delivery to the dealer on the 7th March. Mmmm, if it's still like that this weekend I'll be getting frustrated. Surely, as a car moves from the assembly plant to a storage area, then onto a train (boat?) to Dagenham, then a train to Halewood, then delivery lorry to the dealer it is scanned at all times so you should always know where the car is? Not Ford seemingly though. :rolleyes:

As a separate note I'm still getting anxious about driving the wifes current car off (for petrol or to the tip) and coming back with the new Fiesta. Her current motor, a Micra, was the first new car she's bought and she chose the colour, interior trim, etc and has fully paid it off. She might not like the Fiesta or the colour although she normally loves anything that is purple. Fingers crossed.

#30 Nipz

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Posted 18 February 2009 - 01:25 PM

You did fine. :) Don't listen to anyone else or you'll go mad with frustration at hearing others' deals.

My car's is still showing at being built in Cologne on the 11th February <_< with delivery to the dealer on the 7th March. Mmmm, if it's still like that this weekend I'll be getting frustrated. Surely, as a car moves from the assembly plant to a storage area, then onto a train (boat?) to Dagenham, then a train to Halewood, then delivery lorry to the dealer it is scanned at all times so you should always know where the car is?


I was told the system gets updated at the key steps.

Shame mine hasnt updated for the last week and a half!

The annoying thing is is that my car was made on the 5th Feb :( just floating around in space now :(

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