oops yea
**** dude, I just saw this thread...I didn't know about his and you didn't tell me...I found out through your away message....now I know why you were asking me so much about G37's...sorry about the wreck, but look at the bright side, now you can get the G37 you want and like Jlai said, now we can be 3 at the meets lol ...best of luck in your search!
so im starting to worry it might not be totaled. ill find out tomorrow morning but heres my situation...
so far damages are more than what i owe on the car. can i just sell the car to a junkyard or something? then i would just take the $ for damages, pay off my loan then use the leftover with the $ from the car towards a new car. i really have no idea how this works but id really appreciate any advice from anyone whos knowledgeable on this stuff.
so far damages are more than what i owe on the car. can i just sell the car to a junkyard or something? then i would just take the $ for damages, pay off my loan then use the leftover with the $ from the car towards a new car. i really have no idea how this works but id really appreciate any advice from anyone whos knowledgeable on this stuff.
Lyndon, if it ends up totaled, the insurance company will cut a check for the balance due to the loan company that owns the car. If the depreciated value of the car exceeds the amount paid to the loan holder, you will receive the equity check.
Originally Posted by WILD121
Sorry to hear hope everything goes okay.
think the plan is to basically try and get it totaled out. i owe less than its worth so id like to use that towards a downpayment on something else...
Originally Posted by w0ady
thanks pal.
think the plan is to basically try and get it totaled out. i owe less than its worth so id like to use that towards a downpayment on something else...
think the plan is to basically try and get it totaled out. i owe less than its worth so id like to use that towards a downpayment on something else...
It also depends on your insurance/loan if they pay depreciated value and then cover the gap. Who do you have? My auto loans always have $6/mo paid for GAP to cover depreciated costs. Doesn't matter now, but good to know for your next car(s).
I'll keep the M3 clean for you

jason


