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Can a buy here pay here car lot sue you over a totaled vehicle you were paying on?
Wiki User
∙ 12y ago
Hopefully, it was insured in a way that paid off the car loan. If not, yes, you have to continue paying for the car until it is paid for. Otherwise, the company can obtain a judgment against you for the remainder. Judgments do not go away with bankruptcy. You probably need legal advice.
Wiki User
∙ 12y ago
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How do you put the word repairs into a sentence?
The cost of repairs to the vehicle totaled well over two thousand dollars.
If you are involved in a collision and your policy is only 10.000 but the other vehicle is totaled is the insurance company responsible for the amount over the policy?
Nope.
Who is on the check from the insurance when vehicle is totaled?
Whomever the car is titled to. You will have to sign the title over to the insurance company since they essentially bought the wrecked car from you.
If you are in a car accident and the car is totaled does your car loan get paid off through insurance?
Not unless you have the new option in insurance of the new car replacement. If your car is totaled, you will be paid the Blue Book price for your vehicle. This sum is the amount your vehicle is worth at this time. Any amount over this sum that is still owed to a car loan is still due.
Do you have to turn in your current tag when the vehicle is totaled or can you keep it to use on your next car?
You will have to register your new vehicle, and at registration your tag number is assigned. You may be able to transfer the registration, but the registry has control over that. Bring the old registration information with you when you register the new vehicle, and request that the old registration be transferred.
Your friend sold you his car take over paymentsHe took the car off his insurance you insured the car and then totaled it but you are not on the title Will your insurance company pay for it?
As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.
Do you have to accept the cash if your car is totaled or can you tell them that you want to have your car fixed?
If you have collision insurance, they will pay out up to 40-70% of the value of the car in repair costs. Over that amount, it is considered totaled., and they cut you a check for the value of the car. The percentages vary with companies, vehicle, etc. You don't have any say in it. If you have only liability insurance, you're on your own for the repairs.
Do Mercedes Benz roll over in accidents?
mine flipped but not actually rolled. it landed on its drivers side. the damage to the outside really was not that much, in fact, pretty impressed...but the diagnostics was totaled and the insurance company said it would cost too much to fix so they totaled the vehicle. with the degree of the accident, we all walked away with no injuries, which again impressed me.
What does the car insurance do after they totaled the car?
According to most auto insurance policies, the company will repair, replace, or pay the actual cash value of the vehicle insurance if you have the appropriate coverage. If the vehicle is deemed a total loss, which means that the cost to repair is close or over the actual cash value of the vehicle, the company will pay the value of the vehicle to your finance company or bank if it is financed, and will pay you any amount over the amount owed to the bank or finance company, if it is financed. At this point you have in effect, sold them the vehicle so they will take what is left of the car.
If the car was totaled in a car accident what do you tell the repo man to stop the calls?
crashed it! get over it.
Why is it important to compare the rates when financing a vehicle or taking out a loan?
It is important because the 'rates' you're talking about are interest rates and they determine what percentage over and above the initial loan amount you will be paying. For instance, if you buy a vehicle and take out a loan for 10,000, you will not simply be paying the bank 10,000 back. If your interest rate is 4.4%, you'll be paying back $10,440. Therefore, the higher the rate, the more you'll actually owe.
How do you know if your car is totalled?
many different ways to answer this question. I would go with the local laws and if the car is allowed on the street. In other words, if it's still running would you get pulled over for driving a unsafe car. If the repairs cost more than the vehicle is worth, it is totaled.
