Featured within the Which? Report on Gap Insurance.
Protected by the Financial Services Compensation Scheme.
We understand that buying a vehicle can be an expensive exercise, with many costs you often forget about, meaning finances can be a little stretched when it comes to buying insurance products like GAP Insurance, Tyre & Alloy Wheel Insurance, Scratch & Dent Insurance and so on.
At Total Loss Gap, we have a couple of options to help.
PayPal Credit is available for policies that you purchase online. When you enter your details, the vehicle details, and then on to the payment section, you can select to pay via PayPal. You will need to log in to your PayPal account and select the PayPal Credit option (if you have already set this up) or apply for PayPal credit (if you have not set this up).
PayPal Credit is a facility that allows you to fund any purchase by PayPal over £99. You will be offered the opportunity to pay this off over 4 months at 0% APR, You can also spread the payments over a longer-term, normally 12 months, with an interest charge added.
The entire transaction is completed securely within your PayPal account. You can control payments within that account also.
Like all credit agreements, when you apply for PayPal Credit PayPal will undertake a credit search on you.
When you have set up PayPal Credit you can reuse it time after time for purchases you make via PayPal, subject to your credit limit.
Another option we can provide is to fund your premium via a Premium Credit agreement. We can provide this over the phone, and again the payments are split over 12 installments. Premium Credit does levy an interest charge and credit facility fees. For current information on this please contact us via telephone.
Once again, the Premium Credit option does involve a credit application. A credit search will be made against you, and a footprint left on your file.
All credit is subject to status.
It is always worth checking if you have any purchase offers with your credit card provider. Often you can make purchases over 12 months or more with 0% or low rate APR's. We do not charge any fees for taking payments via credit cards.
Your policy is fully FCA regulated and backed by the Financial Services Compensation Scheme.
We are here to help! Search our help centre for any questions you may have.