Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

Combined GAP and RTI Insurance

If your vehicle is written off due to accident, fire or theft, you may wonder what happens next. Insurance companies often pay out less than the vehicle was originally worth due to depreciation, leaving the owner to pay off any remaining finance.

Fortunately there’s a smart way round the problem – Guaranteed Asset Protection (GAP) and Return to Invoice (RTI) cover.

Protect against potential loss

CarFinance 247 combined GAP and RTI insurance provides protection against this kind of loss, covering the gap between the insurance company’s pay out and whatever finance is still outstanding. It also pays back the original price of the car.

How does it work?

  • Return To Invoice (RTI) cover will ensure to you get back what you paid for the car
  • Finance Guaranteed Asset Protection (GAP) will cover the “gap” between the amount paid out by the motor insurance provider (the settlement) and the amount still to be repaid on the finance that was taken out to buy the vehicle.
  • Combined Guaranteed Asset Protection covers for all eventualities and will pay out the greater of the Finance GAP or RTI amount, up to the purchase price of your car.
GAP Insurance graph

If you bought your vehicle outright and paid £26,500 for your car and your motor insurance pay-out is £14,000, RTI can pay up to the difference of £12,500 to top it up to the original £26,500. If you had an outstanding finance payment of £17,500 Finance GAP insurance may pay out up to £3,500.

In this instance the Combined GAP and RTI payment would be £12,500*.

Benefits

Our Combined GAP and RTI Insurance can provide protection for a term to suit you from 12 months up to a maximum of 60 months and will pay out up to the claim limit you have selected.

CarFinance 247 GAP and RTI Insurance is both cancellable and transferrable. As long as the replacement vehicle comes within a specified price range, the remainder of your policy can be transferred onto the new vehicle.

If you wish to cancel, providing no claim has been made, you may be entitled to a pro-rata refund on the remainder of the policy calculated monthly for each full month left to run subject to terms and conditions.

*Combined Guaranteed Asset Protection insurance is subject to terms and conditions. You should note there are certain limitations in terms of the maximum amount you may claim. Please ask CarFinance 247 for further details.

three members of staff looking at camera
Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender