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Purchase Protection
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If your car's written off in an accident, Toyota Purchase Protection can cover a gap in funding if you need to buy a new vehicle.
With Toyota Purchase Protection you can have complete peace of mind. Should the worst happen and you car is written off in an accident it will cover the gap in funding so you can purchase a new vehicle.The gap is the difference between the market value† your insurer pays out and what you originally paid for the car.
What's included?- Up to 3 years' cover (36 months)#
- Up to £75,000 Net Invoice Price covered*
- No maximum claim limit up to the Net Invoice Price of your vehicle
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Example - How Does It Work?
Original purchase price - £15,000
Value of car at the time it's written off - £8,000
Insurer pays - £8,000 -
Toyota Purchase Protection Pays - £7,000
Customer pays - £0* -
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For more information and to organise Purchase Protection for your Toyota, please contact your local SLM Toyota dealership today.
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#Plus additional limited cover in months 37 to 48 if your vehicle is subject to a finance agreement with a term greater than 36 months.
*Net Invoice Price - the amount that you have paid for the vehicle itself, excluding non-dealer fitted options and extras such as the road fund licence, or negative equity.
† Market Value means the greater of: a) The value of the Insured Vehicle (excluding contents) at the Date of Loss as assessed by the insurers of the Motor Insurance; or b) The Market Value of the Insured Vehicle (excluding contents) as at the Date of Loss by reference to Glass’s Guide Retail Value.
*Your motor insurer may charge you an excess when you make a claim on your motor insurance policy. #30353
