When eldest daughter passed her test I bought her an old fiesta, when she went to trade it in for a cinquecento she could only get a loan if I guarantored her & she also had to take out gap insurance, 14 months later she was involved in a non fault accident, a Montego skidded into her, her car was not economically repairable so she went through her insurance expecting to get the full value of her cinquecento, oh no, they argued that she had initially paid more than the car was worth, long story short, she lost over £800