answersLogoWhite

0

YES. This is what is known as being "upside down" on the loan. The best you can hope to do is appeal to the adjuster on the claim to revise the Actual Cash Value of the vehicle to match the amount left due on the loan. Sometimes this is not possible. This is the major drawback to financing a vehicle for a longer period than 2 or 3 years.

User Avatar

Wiki User

18y ago

What else can I help you with?

Related Questions

Did did Nero start the great fire of rome?

We don't know for sure. It's unlikely that he started it because historical evidence is that he wasn't even in Rome when the fire started, and it's said that he even opened up his house and his pantry to the victims of the fire. He definitely would have had motives to start it- the best building area in Rome was burned, and he later built an amazing palace right in its place. The traditional legend is that he played his lyre/harp while Rome burned.


The portion of total risk that remains after unacceptable risk has been determined is .?

total


Has this car been in an accident?

Has this car been in an accident?


HAS IT BEEN IN A CAR ACCIDENT?

HAS IT BEEN IN A CAR ACCIDENT


HAS CAR BEEN IN AN ACCIDENT?

“HAS CAR BEEN IN AN ACCIDENT”


has it ever been in an accident?

has it ever been in an accident


If someone steals your car do you have to still pay the note?

Yes, unless you have financed the vehicle and have a Gap protection policy on the contract. The Gap protection will cover the difference between what your insurance company settles with you and what your payoff might be (there's often a "GAP" between the two). All this of course happens once the vehicle has been determined to be a total loss either by accident or being stolen.


Was Marilyn Monroe's death an accident?

Nobody really knows. It is still open to conjecture. Various theories have been put forward, accident, suicide and even murder.


Can you fire a attorney even if an offer has been made on your car accident case?

YES you can.. but they will still charge you fees.


Did North Carolina go the final four this year?

They are still in, but the Final Four has not yet been determined.


Can i still file a claim even if its been 2 and half years since i been involved in an accident?

Yes you can still file a claim. Who pays if you are involved with an accident? if you're from UK and you have suffered an accident in the last three years with these type of accident, work accident, road accident, medical negligence, trips&slips, public liability and others that you know that its not your fault. http://accidentsdirect.tk The link that i gave you will help you claim your personal injury claim even if the accident happened in the last 3 years. I've already tried their service and they provide free services and has No win no fee policy.


Has this car ever been in a accident?

“Has this car ever been in a accident?” Topics: Jn1da31a42t324256