GM just declared bankruptcy.
The insurance company will pay the finance company not you.
if you have equity in your home can the car company hold your money
When an insurance company pays off a totaled car, they pay the fair market value based on the condition of the car prior to the accident. In other words, you are entitled to enough money to buy a similarly priced, comparable car. This may or may not be the exact same model and year.
keep the money and find another car, or give back the money and get your recovered car.
They pay the company for the car and various other expenses.
Unfortunately, it probably leaves you looking for another car. The insurance company is only obligated to pay the actual cash value of the car, so once they paid your loan they probably don't owe you any more money (unless you put down a big downpayment and owe less on the car than it's value after the year you've had it.)
It means that someone has borrowed money from a Bank or lending company and used the car as colatoral. Be carefull, if you purchased this car, and that lien is still against it, the lending company can come after you for the money or take the car from you.
Normally, a car designer gets paid on average $60,000 a year. A ferrari designer normally gets paid $75,000 to 150,000 depending on their position and successfulness in the company
If that loan company loaned you money and you used the car as collateral and failed to make payments on time, they can, and will repossess the car.
The company Car Transplants is about breaking down various injured vehicles for money. They will pay you to take in your new car and rip it out for parts.
No, because you payed for it so they use your money to fix the car if you have an accident.
Captiva