Posted: Sun Jun 22, 2008 8:30 pm Post subject: new car hit
I have a brand new altima coupe just off of production line in January and got hit in May!! Damage is almost 9,000! Is it worth me keeping or should I try and trade it in? What about my loan though? _________________ Register Now to have your Insurance queries solved.
(Should've probably started a new thread but I'm dead tired )
Kaely, 9k in damages won't necessarily total your Altima did the adjuster say it was a total? _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
Kaely, the 9k worth of damages may not total your car. And in your case I sincerely doubt that it'll.
However, if it is damaged beyond repair, then it may not be worthy to invest into the car farther and trade it off.
The auto loan that you have, however, will remain in your report till its paid. If the car gets totaled, you have to forward the claim check to your lender in order to pay-off the loan.
Moreover, if the loan outstanding exceeds the claim amount, you're required to pay it off out-of-pocket, if you don't have a Gap policy in place. _________________ Register Now to have your Insurance queries solved.
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