is this vehicle stolen?
You either have to return the money or not keep the vehicle. You don't get the benefit of both the value of the car in cash and the actual car.
The main benefit is to locate a stolen vehicle if it is stolen. Other benefits include saving money, as the government pays money when emergency calls are made in these situations which gives authorities a huge leap of trying to apprehend criminals before vehicle is stripped and parts are sold.
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
You or your insurance company. The owner of the stolen vehicle would not be responsible because their vehicle was stolen and the driver of the stolen vehicle's insurance would not cover it because he was driving a vehicle that was not on his policy and he did not have permission to drive.
Major benefit of stolen vehicle tracking is being able to identify and locate any stolen vehicle using GPS tracking. Also cars with stolen vehicle tracking can be subject to reduced insurance premiums.
If you have a stolen template on your vehicle you may get pulled over by the police. You need to have that corrected.
If you have a stolen template on your vehicle then the car is not legal to be on the road. Call the motor vehicle office to have the problem resolved.
If you know the registration number of this vehicle, you can check easily by performing a online police stolen car check by paying a little money.
Call the police.