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If car is totaled in accident will the bank substitute another car for the same loan that is replace the car and continue with the original loan?
Wiki User
∙ 13y ago
That's not how it works. You owe the bank the outstanding balance on the car loan. The only event that will save you from having to pay that balance is bankruptcy. Typically, a bank will insist you have comprehensive insurance on a car which is the subject of an auto loan. If the insurance company agrees that the car is a total loss, they will offer you a settlement. The amount they give you will be less than the purchase cost of the car. (They will figure in depreciation based on the age of the vehicle.) Even if the accident is not your fault (i.e., if your parked car was hit by someone else), you can be sure of this: (1) the bank will not let you off the hook; (2) you will be required to pay the remaining balance of the principle and applicable interest; (3) the bank will not act to replace your car; (4) your only relief will come from insurance settlement or from suing the party responsible for the wreck.
Wiki User
∙ 13y ago
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What can you use to substitute a zippo flint substitute not another replacement flint?
l
What is substitute goods?
Good that can be used in place of another good.
Another word for instead of?
substitute
How do you check your solution with inequalities?
1) Replace the inequality signs in the solution and in the original question with = signs. Substitute the solution inn the question: it should make it true. 2) (Back to the inequalities) Pick another number that satisfies the solution inequality - e.g. if x>2, pick 5. Substitute this into the original inequality: if it makes it true, then you are good to go!
What is a substitution?
A substitute is a person or thing that takes the place or function of another. In cooking, it would be an ingredient which can replace another. For example, if you are baking cookies and your recipe calls for a cup of shortening, you could substitute it for a cup of margarine and get a similar result.It is a spare player for teams to use coming towards the end of the game
What is another word for substitute?
replacement
Who is at fault when a person waives another into an accident?
The person who causes the accident is at fault
Was Jeff hardy in a real accident?
no that car accident was just another storyline
What word can you substitute for their?
One possible substitute for "their" is "his" or "her" depending on the gender of the person/people being referred to. Another substitute can be "its" when referring to a non-human object or entity.
A close-substitute is what?
A close substitute is a product or service you can purchase in place of another and still get the same satisfaction. There are many substitute goods available on the market.
What is a sentence with the word substitute?
I used applesauce as a substitute for oil in the recipe to make it healthier.
What is another name for accident?
a collision
