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What can be done with a car the you owe more than the car is worth?
Wiki User
∙ 14y ago
Sell it now before it depreciates further to cut your losses, or keep it and keep it maintained and running well for a long time while you pay it of.
Wiki User
∙ 14y ago
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What if your car is worth less than the damage?
That is the true definition of totaled ...when the repair cost is more than the car is worth
What does it mean if my car engine threw a rod?
It means the engine is trashed. More than likely the damage done is catastrophic and the engine is not worth rebuilding.
What is an upside - down valve?
You owe more on the car than the car is worth.
Is it possible to make a stick-shift car an automatic?
With money anything can be done, but it may cost more than the vehicle is worth to make the change over.
What would persuade you to buy a car?
When my present car will cost more to repair than it is worth.
When is it time to stop repairing an old car?
When the price for repairs cost more than the car is worth.
When does insurance company consider a car not fixable?
When it'd cost more to repair it than the car is worth.
Can you declare bankruptcy and get out of a car you owe way more than its worth?
for sure
When is your car totaled?
Your car is considered totaled when it would cost more to fix it than it is worth. when your insurance company says it is or it cost more to fix than it's worth == When the repair costs exceed 50-75% (depending on what state youre in) of the actual cash value of the car.
What is Bruce Lee worth?
more than your house your car and all your kids put together -_-
Should you buy gap insurance?
If you owe more than the car is worth, it is a good idea.
Does insurance cost more on new car than old?
Yes, if you take out collision and comprehensive insurance. The more the car is worth the higher the insurance premium.
