Kwik-fit Insurance - BEWARE

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Kwik-fit Insurance - BEWARE

Last post Wed, Aug 13 2008 4:26 PM by Dan555. 9 replies.

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Fri, Jul 25 2008 9:26 AM Kwik-fit Insurance - BEWARE

eyeamsparticus

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Joined on Thu, Sep 13 2007
Posts 957

For those of who you can only pay in monthly installments I noticed Kwik-fit were charging a whopping 39.9% APR !!!!!!!!!!!!!!!!!!!!!!

Being an old git, insurance isn't that expensive for me, but if any of you young 'uns are looking for insurance and can only pay monthly, avoid kwik-fit like the plague. They quote the annual price, but when quoting the monthly payment method, they only give the deposit followed by the repayments - they don't quote the total figure. (the 39.9%APR is in small print). At least Dick Turpin wore a mask!

Anyone heard of a higher APR rate than 39.9% ?

"Nobody can accuse me of being sexist, racist or homophobic... because I hate everyone" - Jerry Sadowitz

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Fri, Jul 25 2008 9:29 AM Re: Kwik-fit Insurance - BEWARE

ajb100

Golf IV V6 2motion 2.8 24v AUE 204PS

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Joined on Mon, Jan 8 2007
Location: High wycombe
Posts 2,671

39.9!! my renewal is up on the 10th,normaly pay in full but if they are pulling a scam liek that, i cant help but feel they would try something on everyone. will deffinately be avoiding that one then

2001 Bolf, votex front, 1.6 to v6 engine conversion, coilovers, artec PA wheels, w8 light, debadged, sharan badge, anni miltec cat back, de-locked, deleted rear wiper, H&R arb's, front upper & lower strut braces, full VRS brakes, US gti lights, sports heated seats

Fri, Jul 25 2008 9:47 AM Re: Kwik-fit Insurance - BEWARE

Mav18t

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Joined on Sun, Jul 16 2006
Location: Warrington
Posts 1,156

You think thats bad, check out http://www.paydayuk.co.uk/getting-started/our-charges.html

APR = 1845%

Sat, Jul 26 2008 6:05 AM Re: Kwik-fit Insurance - BEWARE

Mike H

Golf IV R32 3.2 240PS

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Joined on Sun, Oct 1 2006
Location: Manchester
Posts 794

That's absolutely unbelievable. I'm gob smacked.

03 R32 Pearl Blue....gone
00 Imola S3.....gone
52 Silver Anni derv no 1728...gone
53 Silver R32 has arrived!

Wed, Jul 30 2008 4:31 PM Re: Kwik-fit Insurance - BEWARE

eyeamsparticus

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Joined on Thu, Sep 13 2007
Posts 957

Here's the small print garabge they give you with their online quote: Note if the 39.9% isn't bad enough they charge you a credit card fee and an Online payment fee !!!! I've never seen that one before. An online quote penalising you for paying online? Tongue Tied

The £850 accidental excess for a 19 year old ain't too clever either. As I said, at least Dick Turpin wore a mask.

edit: not sure why the cut 'n paste table isn't displaying the figures but the credit card fee is £2.50 and the online payment fee is £1.00

Terms
APR:	39.9%
Credit Card:	£2.50
Online payment fee:	£1.00
Accidental damage excess:	£550.00
Fire & theft excess:	£250.00
Windscreen excess:	£60
In addition, if you are
aged 17-20:	£300
aged 21 to 24:	£200
aged 25 or over but full licence less that 1 year	£100
These excesses apply in addition to the accidental damage excess shown above
This policy covers you to drive any other cars

"Nobody can accuse me of being sexist, racist or homophobic... because I hate everyone" - Jerry Sadowitz

Mon, Aug 11 2008 2:21 PM Re: Kwik-fit Insurance - BEWARE

devondub

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Joined on Mon, Aug 11 2008
Posts 7

i was with kwik fit insurance back along and they got loads of details wrong on my insurance doc and they actually charged me extra to change each detail. screwed me over big time.