In need of words of wisdom about finance company after wrecking a vehicle...?
Find answers to your legal question.
In need of words of wisdom about finance company after wrecking a vehicle...?
|
I had purchased a 2006 Chrysler 300c about 2 years ago...financed it through GMAC. Well unfortunately the car was severly wrecked Friday night. I am awaiting Geico to look over my vehicle and determine whether its fixable or totalled.
First question....should I contact my finance company and let them know the car has been wrecked? If not yet, say they determine my car is a total loss....will insurance contact them and work out the haggling deal for my car? Or will I be the in between woman?? I do have gap insurance with my finance company...
In short...I have no one close to me that has ever been through this so ANY words of wisdom from experience would be greatly appreciated. I'd really like to know what to expect.
Thanks a million.
here's my email if you get lengthy or would prefer to contact me that way; again thanks!
kkesler8295@comcast.net
Additional Details
also...my car hit a tree head on at 60mph...do you think they'll total it even though its just front end damage? the airbag definately deployed....and the exhaust was sticking out about 6inches more than before...I think everything in my front end got slammed back :(
|
 
|
Vipassana
|
The insurance company will give you market value for the vehicle.
This may or may not be the value of your loan.
If it's less, its 100% on you, to pay off the remainder.
if it's more, then consider yourself lucky, because that rarely happens.
There is no "haggling". If you owe $20,000, and they give you $10,000 for the car.....it's not like you magically don't owe the remaining $10,000. You still have that debt, with or without the car. |
|
ken k
|
you are in good shape-the finace will be paid direct by the ins co-contact gap ins and main ins they will assign somebody to handle the details-start looking at cars |
|
|
|
|
|
 Someone is making an auto insurance claim against me? |
| I was driving my dad's vehicle when I got into an accident, I live in California. My name is not under his insurance.. What will happen?... |
|
 What is the defensive driving course? |
| i have to take a defensive driving course for sgi because i was in an accident, i just wanna know what it is and what you do on it?... |
|
 Can I get this insured? |
| Can I get a Rolls-Royce Silver Spirit II (6.8L / 6750cc 120mph) insured for myself at age 17 on a UK full license? If I cant, could my mum who is a qualified driver for over 20 years get insured for ... |
|
 I bought a car from a dealership with a lien on the title from the previous owner? |
| My temp tag is almost expired and i called the dealership to ask where my title was. They said the title had a state lien on it from the previous owner. I have already had the car for almost a ... |
|
 Am I liable for $2700 expense from rental car company? |
| Please help....am I liable for $2700 expense that rental car company is charging me? Here is the story.....I rented a car in Las Vegas. I waived the car insurance provided by the car rental agency. I ... |
|
 The more important factor in terms of car insurance? |
Mileage vs Car age
Am currently comparing 2 cars fairly similar in price and specs apart from these 2 factors.
One is a R reg Fiesta with 61k and the other is a W reg Corsa with ... |
|
 When your car is totalled out do they send the check to the bank? |
| I went to a car dealer ship and got financed in to a car 3 years ago iwrecked it and it was totalled. My question is do they send the owner of the car the check and the owner is responsible for the ... |
|
 So I am 19 years old and received my first speeding ticket, will it increase my insurance? |
I've asked this before and want to clarify.
Some people told me the first ticket is a freebee and my insurance won't go up.
Others have told me yes, my insurance will ... |
|
 Can I drive by myself in Texas at 17 years old? |
I took the drivers ed classes about a year ago but never got my permit or took any kind of test (didn't feel the need to).
Do I need to take a test to drive (written or drive)?
W... |
|
| What are my possible consequenses? |
| I got pulled over for expired tags and i had no proof of insurance and i am going to court in over a month... i want to know what i'm going to get after court.... |
|
 Can you hold both and Alberta and Ontario Drivers License? |
| I just paid $75 to renew my Ontario Drivers license and am now moving to Calgary where apparently you need to obtain an Alberta drivers license within 90 days of moving... I was just wondering if you ... |
|
 Maxima SE or GLE.... FAST QUESTION !?!?! THANKS.? |
| HI, i am 17, getting my first maxima in like a month, its either a 2002 or 2003, i want either an SE or a GLE, but i heard and read that the SE has stiff suspension which is bad, but it has sporty ... |
|
 Can you get your drivers license in ct? and be from ny? |
im in school in ct. but i live in ny.
do i have to take the test in ny?
whats the deal on that?
thank ... |
|
 Car insurance for 18 years old...? |
I am 18 years old.Got infiniti g35 2004, and i need to buy insurance. What the lowest price its would be?
Additional Details
i live in C... |
|
| How much would it cost to fully register a car in nj. with liscense plates.? |
| its a 1990 oldsmobile cutlass. i have already added the car to the insurance policy so i need a ballpark answer to how much it will cost to register it and get license plates.... |
|
 Getting permit... primary and secondary? |
| in minnesota... i needa primary and secondary identification... i have a secondary but need my primary... my mom lost my birth certificate of course.... so where do i get a new one now... can i just ... |
|
|
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
