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Gamesguy posted:I would say most actually. Gap is often advertised as covering negative equity from trade-ins(to a reasonable percent of msrp). Stories of gap covering this is fairly common while the vice versa is harder to find. Here are some actual policy endorsements which stipulate what coverage actually entails. https://ecommerce.commerceinsurance..._CA20711001.pdf Excludes carryover balances - section “e”. https://www.uuinsurance.com/ShowPDF.php?number=F.34545A+%2804-17%29 Excludes carryover balances - section “e”. https://www.nationwideprivateclient.com/libraries/sites/1/assets/import/Pdf/NWPC_CA_NewCarReplacement_GapCoverage_PP1406%2011-15.pdf Excludes carryover balances - section “c”. https://www.plymouthrock.com/public/Plymouthrock/StaticFiles/PDF/assurancepackages/assurancepremier.pdf Excludes carryover balances - section “c”, subsection “f”.
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Sep 1, 2020 13:46
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Literally Lewis Hamilton posted:Here are some actual policy endorsements which stipulate what coverage actually entails. You may want to re-read the language on those. A carry-over balance is an unpaid balance on a different loan. If the money is financed as part of a new loan that has gap, the gap insurance covers the new balance. Where this comes up is during the time that your previous balance hasn't been paid off yet and you technically still have two separate loans.
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Sep 1, 2020 14:07
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TheWevel posted:You may want to re-read the language on those. A carry-over balance is an unpaid balance on a different loan. If the money is financed as part of a new loan that has gap, the gap insurance covers the new balance. Where this comes up is during the time that your previous balance hasn't been paid off yet and you technically still have two separate loans. A carryover balance is the remaining balance that is left after your trade-in value and is being absorbed into the new loan. You owe $10k on the car. Your trade-in value is $7.5k. You are carrying over $2.5k into the new loan.
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Sep 1, 2020 14:16
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Literally Lewis Hamilton posted:A carryover balance is the remaining balance that is left after your trade-in value and is being absorbed into the new loan. I disagree with your interpretation. In any event, the GAP in my current lease, and in my past leases state it covers up to 125% of MSRP.
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Sep 1, 2020 15:18
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Insurance is so loving stupid.
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Sep 1, 2020 15:25
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Goober Peas posted:I disagree with your interpretation. In any event, the GAP in my current lease, and in my past leases state it covers up to 125% of MSRP. Ok, so what is carryover balance then? The biggest thing is to read your policy, which you did. Most people don’t do that and then can get financially hosed.
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Sep 1, 2020 15:33
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Literally Lewis Hamilton posted:Ok, so what is carryover balance then? In fairness, I just noticed something in your earlier post with examples: It looks like your examples are all supplemental policies written by auto insurance providers (nothing wrong with that, just an observation). My experience has been with policies written by finance companies and/or 3rd parties, which may explain why their exclusion methodology is different. Most purchase agreements are structured so that negative equity is embedded into the purchase price of the new vehicle. Unless you're buying your new car at MSRP and carrying significant negative equity, the GAP provider from a practical perspective will not have visibility to 'carryover balance'. Which is why most of the policies I see and deal with have a % cap. We can agree on your last point 
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Sep 1, 2020 16:21
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Literally Lewis Hamilton posted:Ok, so what is carryover balance then? I asked today if I could have a copy of my potential lease T&Cs and was told this is "not possible" until you've made the finance application. Very Swiss.
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Sep 1, 2020 16:33
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Literally Lewis Hamilton posted:Here are some actual policy endorsements which stipulate what coverage actually entails. These are all auto insurance gap coverage, which are generally worse and less comprehensive than auto lender gap coverage. The way new car loans are structured there is no such thing as a "carry over balance", the car is financed at a cap cost that includes the negative equity of the trade-in. The dealer literally raises the price of the new car to cover the loss they will take buying your trade-in. Which is why gap insurance from lenders generally say things like this:  Most gap coverage from lenders cover at least 125% of msrp, which is obviously designed to pay for negative equity on trade-ins. Supplemental gap insurance from insurance companies are worse and more restrictive. Gamesguy fucked around with this message at 18:31 on Sep 1, 2020 |
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Sep 1, 2020 18:28
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Early AM (6:00AM to 7:40AM) first drive from north San Diego County to Santa Monica to Malibu in the Niro EV. Range predicted was accurate, started at 90% charge, and got there with 37% left. Adaptive cruise set to 75mph. That and lane-keeping made it so so easy. Right now "free charging" from 110v at the office. I did the math and in the long run this will cost the same as using my 2000 Echo, lease payments, and all. Not bad. (Echo: 35mpg, >$1000 a year in repairs now with 267k miles) VideoGameVet fucked around with this message at 18:46 on Sep 1, 2020 |
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Sep 1, 2020 18:43
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VideoGameVet posted:Right now "free charging" from 110v at the office. You might want to try talking your employer into installing a 208V charger, it's tax deductible!
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Sep 1, 2020 18:47
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Nfcknblvbl posted:You might want to try talking your employer into installing a 208V charger, it's tax deductible! They don't own the building :-)
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Sep 1, 2020 18:47
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VideoGameVet posted:They don't own the building :-) The landlord might be interested in doing so, though!
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Sep 1, 2020 18:48
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KYOON GRIFFEY JR posted:The landlord might be interested in doing so, though! Most of the building is vacant. We're an essential business. Anyway, there's a ChargePoint in the apartment garage.
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Sep 1, 2020 19:09
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Gamesguy posted:These are all auto insurance gap coverage, which are generally worse and less comprehensive than auto lender gap coverage. Every reference in your original post was to insurance. Notice the Audi plan does not describe itself using the word insurance. That’s because it is not an insurance product. I was speaking specifically about insurance because well, that’s what you brought up. I would also love to see a sales breakdown sheet where they inflate the purchase price of the car by your negative equity. I’ve never seen this, because it would raise the taxable value.
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Sep 1, 2020 19:09
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Literally Lewis Hamilton posted:Every reference in your original post was to insurance. Notice the Audi plan does not describe itself using the word insurance. That’s because it is not an insurance product. I was speaking specifically about insurance because well, that’s what you brought up. C'mon dude, are you really going to be this pedantic? Gap is an insurance product, regardless of the venue where it's sold. And also, like dude before said, tax is only calculated on the capitalized amount. Goober Peas fucked around with this message at 20:00 on Sep 1, 2020 |
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Sep 1, 2020 19:55
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Literally Lewis Hamilton posted:Every reference in your original post was to insurance. Notice the Audi plan does not describe itself using the word insurance. That’s because it is not an insurance product. I was speaking specifically about insurance because well, that’s what you brought up.  No, I said cap cost. I have no idea why you're so invested against the idea that many people can and do get their negative equity paid off in a totalled accident. Literally every gap product from captive finance and big lender that I've seen covered negative equity from trade-ins, hence the language about covering 125% or even 150% of msrp. Gamesguy fucked around with this message at 21:15 on Sep 1, 2020 |
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Sep 1, 2020 21:10
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Goober Peas posted:C'mon dude, are you really going to be this pedantic? Gap is an insurance product, regardless of the venue where it's sold. It’s not being pedantic, it’s trying to ensure that people aren’t spreading incorrect information. Gamesguy posted:Dude this is like peak pedantry. Everyone calls it gap insurance and it's the same insurance product whether you get it from a lender or auto insurance company. The only difference is the former is almost always more comprehensive. It’s clear that the products are actually different though considering I’ve posted actual policy language from auto insurance policies, where they specifically outline this. And you wrote insurance multiple times in your post. I’m not invested in being against an idea, I just want to ensure there isn’t misinformation being spread around. The Allstate policy actually spells it out a bit more -they will not cover the remaining balance (negative equity) rolled over. 
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Sep 1, 2020 22:12
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bird with big dick posted:Someone talk me into getting one of the current or near future offerings (Polestar?). Volvo V60 Polestar Hybrid. Factory Ohlins and a decent pure electric range for what it is.
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Sep 1, 2020 22:49
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Literally Lewis Hamilton posted:It’s clear that the products are actually different quote:though considering I’ve posted actual policy language from auto insurance policies, where they specifically outline this. And you wrote insurance multiple times in your post. I’m not invested in being against an idea, I just want to ensure there isn’t misinformation being spread around. And literally every captive finance company spell out that their gap insurance do cover trade-in negative equity. Considering that almost every auto leasing lender includes gap insurance with the lease, it's highly probable that the most common form of gap insurance are lender policies that do cover trade in equity. https://www.ford.com/finance/content/dam/ford64/us/pdf/vehicle-protection/gap-coverage/FMCC01294_FMCK2214000A_FRD_2017_GAPCoverage_R02_1.pdf
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Sep 2, 2020 07:14
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So... now Skoda made an electric SUV thing, I guess it's the sister car to the ID.4 so the specs should be identical:  There's an ipad on the dashboard but otherwise looks ok. This should be self-explanatory enough. But lol at 160km/h maximum speed. 
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Sep 2, 2020 07:46
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mobby_6kl posted:So... now Skoda made an electric SUV thing, I guess it's the sister car to the ID.4 so the specs should be identical: Some odd decisions in an otherwise interesting car
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Sep 2, 2020 07:57
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I like it. It looks more like an estate than an SUV even though it has the usual big SUV grille. It looks more like an Octavia Scout and thats a good thing. Price is pretty competitive. Its about the same as a Opel e-Corsa or a Peugeot 208-e but for a much bigger car. Its also cheaper than an VW ID.3. Who gives a poo poo about the top speed. If you are going faster than that in an EV your range melts away anyway so its only for bragging rights. And it makes much more sense to brag about your torque!
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Sep 2, 2020 08:26
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I like it too. Top speed limiter is just a conservative rev limiter on a fixed ratio drive train.
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Sep 2, 2020 09:12
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I prefer that to the ID3 to be honest. Looks like a good EV (i.e. not a ton of gimmicks, just a car.).
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Sep 2, 2020 09:21
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MrOnBicycle posted:I prefer that to the ID3 to be honest. Looks like a good EV (i.e. not a ton of gimmicks, just a car.). Yeah it's got no gimmick touch buttons on the steering wheel and actually four separate switches for four windows. C'mon VW, just put those parts in the ID.3.
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Sep 2, 2020 09:23
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Yep i know range goes into the shitter at higher speeds but this seems to be the minimum you see the diesel equivalent of this doing on the highways. And 500km WLTP is probably not gonna happen IRL either. But overall I agree it's not bad, it's even reasonably price competitive with other higher end Skodas
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Sep 2, 2020 09:29
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Looks good to me. I wonder whether the 4x2 versions are front or rear wheel drive - most companies seem to put the bigger motor at the back in 4wd models so would make sense if it is RWD. Might give Granny a surprise when she starts drifting. The only thing I don't like is the ipad. Having rented Skodas from time to time they've been great and the only thing that would have persuaded me to get the VW equivalent is the slightly better interior. Looks like that difference is eroding.
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Sep 2, 2020 09:55
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mobby_6kl posted:And 500km WLTP is probably not gonna happen IRL either. At 80-90 kph in mild climate, I think it will. WLTP is actually good.
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Sep 2, 2020 10:07
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knox_harrington posted:Looks good to me. I wonder whether the 4x2 versions are front or rear wheel drive - most companies seem to put the bigger motor at the back in 4wd models so would make sense if it is RWD. Might give Granny a surprise when she starts drifting. It's RWD, VW's MEB platform has no FWD yet I think. It's a great platform.
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Sep 2, 2020 10:09
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Thomas the Autogefühl guy has a review of the interior / exterior. https://www.youtube.com/watch?v=29VYHzmqcZ4 (I think he is hilarious, presumably intentionally. but very detailed reviews)
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Sep 2, 2020 10:22
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Gamesguy posted:They are not, both are gap insurance products. Calling one not insurance is like saying a toyota isn't a car because it doesn't come in v8. Yes, I am aware that leasing companies may cover it. Regular auto insurance clearly does not as I’ve illustrated. Your original point does not distinguish between auto insurance or any other type of products. Putting a blanket statement that insurance covers any rolled over negative equity is incorrect. If your statement was that certain products may cover rolled over negative equity, that would be fine, but the issue is that you simply lumped all products together and said they’ll cover the entire balance in the event of a total loss. This is not accurate.
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Sep 2, 2020 10:26
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The top speed limit may well be an intentional market differentiator to allow a lower price without it undercutting with some customers. Normal people can get the Skoda with 0 loss of functionality, people who like big numbers can pay more for the VW.
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Sep 2, 2020 10:29
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pointsofdata posted:The top speed limit may well be an intentional market differentiator to allow a lower price without it undercutting with some customers. Normal people can get the Skoda with 0 loss of functionality, people who like big numbers can pay more for the VW. Same limit on the top model ID3 as well, in the German domestic market.
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Sep 2, 2020 10:42
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The insurance offtopic has gone on for long enough and is going around in circles - No more please. Especially when we have a shiny new EV to pour over
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Sep 2, 2020 11:18
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Here's the options list in Norwegian. Some of it is as expected, but still cool such as Matrix LEDs available for the second lowest trim, massage seats and glass roof. The latter is particularly nice to have that optional. I really wonder what "Sun Set with extra sound dampening" is. And the Family package is really cool actually, it includes a 230V outlet! Family package plus includes folding tables for the rear passengers.
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Sep 2, 2020 11:43
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Ola posted:Same limit on the top model ID3 as well, in the German domestic market. There goes my theory then. Still doesn't seem to be an actual problem with the vehicle though, which looks great.
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Sep 2, 2020 11:44
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someone should make an insurance thread so that theres a place people can never shut the gently caress up about insurance
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Sep 2, 2020 12:52
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Sometimes you get pretty low max speed limits due to tires, but even H rated eco tires are good for 210km/h so I am in agreement that it's likely some kind of drivetrain and range protection scheme. pointsofdata posted:The top speed limit may well be an intentional market differentiator to allow a lower price without it undercutting with some customers. Normal people can get the Skoda with 0 loss of functionality, people who like big numbers can pay more for the VW. this is also a good point!
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Sep 2, 2020 13:38
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mobby_6kl posted:There's an ipad on the dashboard but otherwise looks ok. This should be self-explanatory enough. But lol at 160km/h maximum speed. Why? Why do 99.999% of people need to go faster than 100mph/160kph?
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Sep 2, 2020 17:15
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