Mention Payment Protection Insurance (PPI) to 20 million people (best use a loudspeaker) in the UK and you’ll see a cringe, a possible eye flicker and probably a grimice as they recall how much money they’ve been taken for.
Despite this, some major players in the UK car industry believe they can re-invent PPI’s negative image and use it as a add-on to make sure they get the sale. Renault, Honda, Nissan, Volvo, and General Motors are now offering free PPI with the sale of certain models and more manufacturers are expected to follow suit.
How strange that PPI, the three letters that have become synonymous with bad practice resulting in many a PPI claim, is now being used as a ‘unique selling point’.
Now, as we all know, ‘free’ doesn’t always mean ‘free’ and there’s bound to be clauses so if you’re looking into it, make sure you get hold of and read all the details. And don’t worry, we’ll be keeping an eye on them for you as well.
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