Yeah course you could abuse it but then imagine your insurance quote on the next car (lol) .
Agree that does seem reasonable value if you've put down £3.5k. I see that some also cover your excess. I'm still confused though, so say you write it off at 2 years. Do you basically get given the difference between the insurance market value (that the lease company and insurers agree on) and the p11d value? You could come out considerably on top, ie you would basically have had 2 years free leasing. It must surely be open to abuse?
My GAP was really cheap with ALA I can’t remember how much exactly but it was around £120. Well worth it in my opinion. Especially given how easily companie write cars off now... (bug bear of mine)
Yes but there has to be some form of standardisation when calculating value for money otherwise we wouldnt be able to calculate it...