Will my insurance be more on a leased car?
For the first time ever I am debating whether or not to lease a new car as I have found a great deal on a new vehicle for 36 months. My question is two-fold. Will insurance be more costly as I will not be the owner of the car? Secondly, would I be wise to buy GAP insurance to cover any shortfall if the worst scenario were to happen?
Asked on 25 July 2019 by Dag Hammar
![](http://images.honestjohn.co.uk/imagecache/file/pad/120x120/media/16477727/537450_458533677529584_1473549666_n.jpg)
It will make no difference whatsoever if you are not the owner of the vehicle, as the risk is still the same. Most definitely buy GAP insurance, by a "re-instatement to purchase price" product. Which will give more than adequate protection.
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