When your car is totalled out do they send the check to the bank?

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When your car is totalled out do they send the check to the bank?
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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 payment or do they immedaitly send the check to the bank? Because my car's value is 6000 dollars and I would be willing to use that money to buy a car that is worth that amount and still just make payments to the bank like nothing happend?IS THAT POSSIBLE OR AM I JUST BEING FREAKING DELERIOUSE

John J

The check will be sent to you but it will have your name and the banks name on it. The insurance company wants the title release from your bank so they have clear title to it.

The bank will reduce the amount owed to them to pay off your loan then give you the balance.

TAF187

the check is sent to the bank and any balance is sent to you if there is no balance cause you're upside down on the loan than the bank will still expect a monthly payment.

mbrcatz

Usually the check is sent to you, made payable to you and the bank. You can't cash it, you can only sign it over and turn it in to your bank.

They are NOT going to send you a check payable to only you.

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