Just taken the plunge and I already need more advice!

Everest said:
Mathematically, it's still just a £300 bet on whether your car gets written off and, if it does, you get a nice lump sum. The insurers will have priced the GAP insurance premium according to their risk of a write-off, whilst still earning themselves a healthy profit. It's just gambling with a veneer.

If your friend didn't have GAP insurance, his insurance would pay market value (e.g. £25K) and then he buys another similar vehicle for £25K. No loss, no gain. If he feels that £25K is undervalued he can negotiate with the insurer to get a 'fair' price.

If his complaint is that his nice new car lost £25K in 24 months, then that's a different issue and his expected loss from buying a new 5 series for £45K in the first place.
Click to expand...
Exactly right.

You already have insurance. Gap insurance is a hedging bet on the side. If it was £1 it would be worth it, but if it is hundreds of pounds to hedge against something that is extremely unlikely then it doesn't seem worth it to me.

Insurance companies aren't charities and there is a reason they get dealers on commission do a hard sell on gap insurance.
 
  1. Back to Invoice: Pays the difference between what your car insurer will pay out and the original amount you paid for the car or the amount you owe to a car finance company.
  2. Back to Value: Similar to Back to Invoice, but based on the car's value rather than the purchase price.
  3. Vehicle Replacement: Covers the cost of replacing your car with a new one.
  4. Contract Hire: For leased vehicles, covers the difference between the insurer's payout and the outstanding lease payments.


Check what you need
 
Everest said:
Mathematically, it's still just a £300 bet on whether your car gets written off and, if it does, you get a nice lump sum. The insurers will have priced the GAP insurance premium according to their risk of a write-off, whilst still earning themselves a healthy profit. It's just gambling with a veneer.

If your friend didn't have GAP insurance, his insurance would pay market value (e.g. £25K) and then he buys another similar vehicle for £25K. No loss, no gain. If he feels that £25K is undervalued he can negotiate with the insurer to get a 'fair' price.

If his complaint is that his nice new car lost £25K in 24 months, then that's a different issue and his expected loss from buying a new 5 series for £45K in the first place.
Click to expand...
I think you are missing the point of this type of insurance, this isn't about paying for the next car it's about being able to pay off any finance owed on that existing vehicle. If your insurer pays out less than the outstanding finance balance you must meet that shortfall through some other means, GAP gives you some degree of protection in the event that you could not do this from cash in the bank.

Again, I'm not suggesting that this type of financial product is suitable for the OP, I'm simply raising a question about whether they have given it any thought. Depending on how they are purchasing the vehicle it could be an unnecessary expense.
 
New here and this is my first post but I wanted to chip in. I have just put down a deposit on an X Power only to find out that the front an rear skirts are not painted as they were on the previous model years, in the brochure and the website. Not sure if something about this has already been reported but you may want to go over the car you are getting to confirm what is and isn't the included. I don't blame the dealer for any of this but this is a cheap move by MG.

I have been told that none of the new variants come with floor mats and have had to fight to get the information about the cable/s supplied.
 
I've had my CarMats.co.uk mats for nearly 2.5 years now, and they still look fine. (I bought the Super variant).

carmats.co.uk

MG Motors UK MG4 EV 2022+ Car Mats

Perfectly tailored, hard wearing car mats for all models of the MG Motors UK MG4 EV 2022+. They come with the fixings in the front drivers and passenger mats to hold them in place. These fit all versions of the MG Motors UK MG4 EV 2022+ including SE 51kWh 1-speed Automatic SE Long Range 64kWh...
carmats.co.uk carmats.co.uk
 
it appears that i am looking at similar deal at 18.5 k se nav standard range as quoted
my local dealership will not match 18 k and those dealerships are 200 miles away
any tips to avoid pitfalls whilst buying would be appreciated
still debating to lease a trophy for three years cost 10600 or so
or buy at this discounted price
 
1741179668398.webp

321hibye said:
it appears that i am looking at similar deal at 18.5 k se nav standard range as quoted
my local dealership will not match 18 k and those dealerships are 200 miles away
any tips to avoid pitfalls whilst buying would be appreciated
still debating to lease a trophy for three years cost 10600 or so
or buy at this discounted price
Click to expand...

Jump on a train, that's got to be better than spending another £500+ locally.
If you prefer something with a little more range, a pre-reg might be the way to go.
1741180167532.webp


A lease deal may make sense if you plan on switching again within 3/4 years as depreciation might exceed the lease cost, but at these prices it's unlikely that these would lose more than £6-7k within that timescale, based on current examples of 2-3 year old cars on Autotrader, and even the best lease deal is going to be more than that.
 
GJMG4 North said:
View attachment 35309


Jump on a train, that's got to be better than spending another £500+ locally.
If you prefer something with a little more range, a pre-reg might be the way to go.
View attachment 35310

A lease deal may make sense if you plan on switching again within 3/4 years as depreciation might exceed the lease cost, but at these prices it's unlikely that these would lose more than £6-7k within that timescale, based on current examples of 2-3 year old cars on Autotrader, and even the best lease deal is going to be more than that.
Click to expand...
thats very helpful, i have enquired thru poole dealership, pre reg the issue facing us was lack of rear camera as it appears thats only a recent addition on se
 
321hibye said:
thats very helpful, i have enquired thru poole dealership, pre reg the issue facing us was lack of rear camera as it appears thats only a recent addition on se
Click to expand...
This is the first time I've had a rear camera and to be honest I find it more of a distraction than anything. Parking sensors & mirrors provide more than enough information.
 
GJMG4 North said:
I've ordered textile floor mats from a Yorkshire based business called Carsio through Ebay. They were very reasonably priced and, whilst not the greatest quality, they are suitable for their purpose. The fact they are UK manufactured drew my attention, I was expecting these to be sourced from China (Aliexpress), paid £13.50 for the full set (front & rear) which were delivered within the week. I'm tempted to order a set of rubber mats from them as they were only £5 more. We already had a generic boot liner from the last car which I plan to cut down to size to fit the MG.
Click to expand...
You should get a granny charger with the car it'll come in useful if you haven't got a home charger yet. Also ask them to throw in a typt2 cable with the deal(worth a try) I got both and mats when I bought mine but no discounts on cars then.
 
Slipstream said:
You should get a granny charger with the car it'll come in useful if you haven't got a home charger yet. Also ask them to throw in a typt2 cable with the deal(worth a try) I got both and mats when I bought mine but no discounts on cars then.
Click to expand...
Yeah I did the same as you. And got both.
 
A 2022 is 3 years old. If it's a 2022 , the price should be far less than what the same dealer is selling 2025, or even 2024 models. When you sell it, the buyer will only offer 2022 prices, even though it's basically identical. The build date should be stamped on the car (maybe a plaque).

In the base models, I think rear wipers and satnav are the only real differences...AND software! Insist that all software is updated to the latest versions. Later software offers a much improved user experience. Updated software and a good price will be like driving a cheap 2025. I bought a 2023 XP for a huge discount and had the software updated.
 

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