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Monthly Insurance



Never paid monthly before but thought I'd ask when I rang for a quote.

BMW Z3 - £1800 FC, Commuting, 10K Miles, Mods, £4k Value

Now monthly, £2800.

Where do they get the cheek of adding £1000 interest over a year!


What do other people pay monthly?
 
  Audi TTS S Tronic
If that's with admiral/bell/elephant it's because you lose their discount, and then they charge I think that they told me, 17% APR

Same with a quote I've got for my next car, £1545 if paid in one, or if paid monthly, works out @ £2150
 

ipodsandguns

ClioSport Club Member
  GW X200 CUP
with admiral/bell/elephant monthly is insane!

17% interest, additional rise in premium and your first quote is not inclusive of insurance tax...

Also they don't allow you to pay a large deposit to bring down monlthy payments.
 
  Slow red one
With elephant they wanted £1400 monthly and £912 for the yr so saved myself about £500 and asked my dad to pay it in one and I pay him monthly. What a joke!
 
Yes it was with admiral as they will honour my 1 years experience and turn it into ncb if I renew with them.

I'll just pay it in one go, would just be nice not to have one big hit
 

SC03OTT

ClioSport Club Member
  Mk 8.5 Golf GTI
Can you not get a 0% credit card? Pay the insurance, set up a direct debits for each month and shred the card so you can't use it again. Then you have your monthly payments with no interest.

Tesco are doing 0% for 15 months and Barclaycard for 14 months (I have that one).
 
  Seat Ibiza
Can you not get a 0% credit card? Pay the insurance, set up a direct debits for each month and shred the card so you can't use it again. Then you have your monthly payments with no interest.

Tesco are doing 0% for 15 months and Barclaycard for 14 months (I have that one).

Exactly what I did mate, I got a Barclaycard one too, 12months 0%.
 
  Seat Ibiza
Can you not get a 0% credit card? Pay the insurance, set up a direct debits for each month and shred the card so you can't use it again. Then you have your monthly payments with no interest.

Tesco are doing 0% for 15 months and Barclaycard for 14 months (I have that one).

Exactly what I did mate, I got a Barclaycard one too, 12months 0%.
 

SC03OTT

ClioSport Club Member
  Mk 8.5 Golf GTI
Even if they did charge a fee, it's not going to be the £1000 the OP will be paying in interest. Still quids in.
 


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