As I understand it, 'Back to invoice' pays you back the difference between what the normal insurance pays out & what you paid for the car.G100TT said:So which is best Back to invoiceor vehicle replacement cover? Totally confused
So if you paid say £35K 2 years ago - Car now written off & ins pays out £25K - the 'Back to invoice' policy pays you £10K.
But say in those intervening 2 years, the cost of a replacement car of similar spec has increased by £3K, or VAT has increased by 5%, or if say you negotiated a big discount on the original car, then 'Vehicle replacement cover' pays the difference to what the new same spec car would currently cost - maybe an extra £4K over what'Back to invoice' might have paid.
Well that's how I see it anyway
Edited by: restyler