Scottish Elises

About to take a policy out with Elephant ...

Does anyone know if you pay monthly what the first payment would be? I know they usually take a deposit off you but does anyone know how much? i.e 1 months payment, 2 months etc.

Last policy with them was all paid in full and my Endsleigh insurance was 2 months..

p.s - its going to be a 10 month b/a

I had the guy on the phone try to sell me the "monthly" thing when I renewed - out of curiosity I let him rattle of the figures. They absolutely pull your pants down, think the rate was 29.something% APR.

Much better to pay it in one go in my opinion, as its a ripoff.

Indeed, with some careful planning you may well be better off doing it on a credit card then setting up a DD to pay off the card at 1/12th per month. This would make sense if you could get a 6-month free on new purchases type of card (or better still, two staggered by 6-months).

Failing that a personal loan from a bank will likely still come in cheaper than the insurance company rip-off rates.

Cheers,
Robin

^^^^
what he said... even without introductory 0% rates a credit card is still miles better than 29.9% APR... that's shocking.

BTW, top tip... if you have a Halifax or BoS card, give them a call and tell them you ain't happy about the rate you are on and are thinking about cancelling the card.

We had a BoS Visa card that we never used because it's rate was higher than other cards we had, plus a Halifax Mastercard which was occassionally used. We genuinely called BoS to cancel the Visa and they reduced the rate from something like 12% down to 9.5%... we then called Halifax (same people) and asked them to reduce the Mastercard rate. They put it down to 7%... so we questioned them about our BoS card which had been put down to 9.5%, and the girl from Halifax reduced that to 7% also...

Hmmmm interesting

I don't have any kind of credit cards and loans as i'm kinda scared to take one knowing how I spend money!

I will call up and ask and let you guys know what the response was

Yup no such thing as monthly repayments. They loan you the money and charge you good for it.

Past 2 years when renewing my insurance I've just stuck it on an interest free credit card and then paid that back over a few months rather than take the whack on the insurance company interest.

Check out moneysupermarket.com for the best current deals on 0% purchase cards. As long as you are strict with yourself and make sure you pay it off in the 6 months 0% period or whatever, then definitely the best option!

D

I wish I was as old as you/had your postcode. Totally clean license, 42 and counting, no accidents to report (there was an accident in 2001 but that's off the radar now), 5 years NCB and I still paid nearly 400 for the elise insurance last time I renewed. Mind you the toyota and BMW are in the 210 range I think!

Cheers,
Robin

Hmm I'm 31 and have crashed everything I have ever driven I have 3 points for speeding and the Elise & Clio comes in at a combined £522, as it appears the clio is gratis as the insurance for the Elise alone is £522

Forgot to add I have 7 Years no claims! and have only just started protecting it I bought the clio new for the free insurance and after one year they gave me 5 years NCB :D:D

BiggestNizzy wrote:Hmm I'm 31 and have crashed everything I have ever driven I have 3 points for speeding and the Elise & Clio comes in at a combined £522, as it appears the clio is gratis as the insurance for the Elise alone is £522

Forgot to add I have 7 Years no claims! and have only just started protecting it I bought the clio new for the free insurance and after one year they gave me 5 years NCB :D:D

Who's this with? The Exige is up for renewal this month and I'm looking to get my shed tied in with it

Well seeing as I was 5k last year I'm use to getting hammered from insurance companies..

But turned 21 yesterday and just had a quote from Elephant....

£1200

I feel like I've won the lottery

X7LDA wrote:Hmmmm interesting

I don't have any kind of credit cards and loans as i'm kinda scared to take one knowing how I spend money!

I will call up and ask and let you guys know what the response was

Robin's on the money here, get a good deal with plastic, but set up a DD to pay it down over the year, lock the card away somewhere (you could actually probably destroy it!) and convince yourself you don't have a credit card, just a darn good interest free car insurance deal