2-Year Warranty & 12-Month AA Roadside Recovery included on all cars - Nationwide Home Delivery available
2-Year Warranty & 12-Month AA Roadside Recovery included on all cars - Nationwide Home Delivery available
Many motorists don’t consider the reality of a write-off to their vehicle. Even the finest insurers will only reimburse you for the current market value of your car. Meanwhile, the second you drive it off the forecourt a car’s value begins to depreciate.
A GAP Insurance policy tops up an insurance payout in the event of a write-off, providing you with the extra funds to purchase a replacement vehicle or to settle any outstanding finance.
GAP Insurance or guaranteed asset protection covers you against financial loss if your vehicle has been declared a total loss or a write off by your car insurer.
If your car is involved in an accident, stolen or damaged by flood or fire, and considered a total loss, your insurer will only pay the market value for your vehicle at the time of the incident.
On average, a car loses around 60% of its value in the first three years, leaving you exposed to a shortfall of thousands of pounds on any remaining finance settlement charges or a substantial loss suffered from the vehicle value depreciation.
This can be avoided with MotorEasy GAP Insurance, which bridges the GAP between the value your insurance company will give you for your vehicle and what you paid for it, or owe in finance, depending on the type of GAP Insurance you take out.
How to use Auto Trader price labels
Auto Trader have compared the seller’s asking price for this car with their own valuation, and given it a label. This tells you how the price of this car compares to the market price of other cars with similar qualities, including make, model, age and mileage.
Auto Trader’s price labels are here to help you make an informed decision when buying your next car.
What price labels are there?
You might see any of these labels on our car adverts:
How does Auto Trader work it out?
Auto Trader uses data from millions of vehicles to work out a car’s current market price. This data includes things like:
There are other things that are not included in how Auto Trader work out their price labels, but these might affect the seller’s price:
Spotted a car with no price label?
Not every car will have a price label, but there are lots of reasons why this might be. These reasons include if the car is:
