Any suggestions on what to do with her

 

OUCH! Hope you're ok. That must of been 1 hell of a hit to see the rear quarter panels crumple.

Either scrap it for fast cash or part it out.

 

It was but everyone came out with minor injuries. Good quality car. Want another one but I'm still paying for this one. How much do you think they'll give me if I scrap it ?

 

I don't think you'll really have a choice if you're still paying for it. Insurance will basically pay out whatever they deem the car was worth to the bank that holds the title. You could opt to buy the car back if you wanted but it would take a lot to get it fixed and I believe it would end up with a Salvage title.

 

umm... get another one.

No coming back from that, at least not cheap. It'll also be a non-clean title which is a hassle. If you have full coverage insurance, hopefully they will pay you out as a total loss and you will get a little bit of money back after they pay the bank.

Glad you're ok. Good luck man.

 

Glad you guys came out of that one okay... Scary.

But yea, part it out.

Start by selling me the tail lights.

 

Since you're still making payments then you should have full coverage. Let the insurance company take it. Not much left on that car worth dealing with parting out. Doesn't even look worth attempting to fix either.

 

Sadly it was one of those unfortunate situations where I was driving with liability because I had just got my license. I was going to put full coverage the following week but this happened. I know I messed up. I guess I'm going to scrap it and put the money toward the payment.

 

I'm surprised you were able to get a loan on a vehicle without having full coverage. This is almost always a requirement since the Insurance companies don't want to end up in a situation where the car gets totaled and the owner decides to stop paying... then they have nothing to repossess in order to get back some of their money.

 

Seriously. What loan officer would let you walk out on an automobile loan with just liability? Especially if you just got your license. I'm confused.

I know you can, but I haven't seen a bank offer liability on a car loan ever.

 

yah, something isn't adding up here.

 

Most likely a private loan with something else offered as collateral (if anything).

since you only had liability, it might be best if you part it out, depending on local demand for parts, engine/transmission ,and compare to what you would get from salvage. you will come out ahead but how much is up to you.

 

like body parts? lol Don't pay, get your legs broken lol

 

Most likely he got it at a small dealer.

 

riiight...small dealer as in mom & dad lol