 |
 |
| Bikes - Talk & Issues Newsworthy and topical general biking and bike related issues. No crapola! Need Help: Try Searching before posting |
 |
|
|
Thread Tools |
05-11-06, 06:02 PM
|
#1 |
|
Guest
Posts: n/a
|
finance question
i got my bike on finance and still have 2 years left to pay on it can anyone tell me what happens if its stolen.. cheers
|
|
|
05-11-06, 06:06 PM
|
#2 |
|
Guest
Posts: n/a
|
Depends on what level of insurance cover you have.
TPO will leave you with a bill for the finance and no bike if it's stolen. Anything else will cover the value of the bike at the time of the theft. Which is why you should never buy a bike or car on finance if you can't afford comprehensive cover. ....or at least that's what I've been told. |
|
|
|
05-11-06, 06:09 PM
|
#3 |
|
Member
Mega Poster
Join Date: Jan 2005
Location: Barnet Herts
Posts: 5,069
|
Bear in mind that even with theft insurance the value of the bike when nicked may not be enough to pay off the outstanding finance.It all adds up to -----Don't get it nicked.
__________________
On a clear day we stand there and look further than the ordinary eye can see. |
|
|
|
05-11-06, 06:11 PM
|
#4 |
|
Guest
Posts: n/a
|
its already gone. fully comp insured
|
|
|
|
05-11-06, 06:15 PM
|
#5 |
|
Member
Mega Poster
Join Date: Jan 2005
Location: Barnet Herts
Posts: 5,069
|
How old is the bike?Some policies will replace with the cost of a brand new bike if it's up to six months old,and some up to a year old.Otherwise they just give you market value and they decide what that is.Probably less than you owe on the finance.
__________________
On a clear day we stand there and look further than the ordinary eye can see. |
|
|
|
|
06-11-06, 05:52 PM
|
#6 |
|
Guest
Posts: n/a
|
"probably less than you owe on the finance"
That'll be what GAP insurance is for 
|
|
|
|
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Job oportunities going at my firm - finance/IT | thor | Idle Banter | 19 | 11-01-08 05:09 PM |
| Black horse finance on SV650s - do i need... | ThEGr33k | Bikes - Talk & Issues | 36 | 12-09-07 10:48 PM |
| Finance Question / Don’t Know What To Do | Drew Carey | Bikes - Talk & Issues | 24 | 19-08-07 08:17 PM |
| Finance fell through!! | pupdog123 | SV Talk, Tuning & Tweaking | 22 | 16-08-07 12:13 PM |
| FYI - Suzuki extend 0% finance deal | SV650Racer | SV Talk, Tuning & Tweaking | 8 | 05-07-07 12:57 PM |
