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What companies will approve auto loans for people with credit scores around 550?
no , in most cases you will get blue book price , the best you can do is haggle with inc people pick a car you want at reason tell them and hope for the best, now if you not at fault the odds are good to get what you want they don't want to be sued you pick out the car tell them the price and haggle you might get what you wantwhen the car is totaled the insurance merely pays the value of the car. If there is a note on the car...the insurance pays that first...then you get the remainder.
>It will (almost) cover the present value of the vehicle.<
Am I the only one who thinks the Barrett Jackson auction is turning into a joke?
It depends on the age of the vehicle.Once it's totalled the insurance will payout current market value, not MSRP. You usually end up in the hole if the car is less than 18 months old.
That's the reason they try to sell you gap insurance.
Nope, not necessarily. We had a car 8 months, and high interest rate....and the price after being totalled didn't even cover what we owed on the remaining note. Our insurance company GMAC called 3 locations near us, asked what that type of car sold for, and took the average and that is what we were paid for our car. We were over $2,000 short. Good luck.....
In the state Illinois is there a law that you can return a car to the dealer to 3 days?
I think you are talking about having gap insurance. This takes care of the 'gap' in the cost of replacing your car. If you paid 20k for a new car , it is worth 18k when you drive it home. If you total it tomorrow, the gap ins. takes care of that depreciation.How much can I expect to get for my car?
well that depends on the car and your insurance deductible if the cars blue book shows 4900.00 and the deductible is 500.00 you would get 4400.00 so it depends on the car and insurancehow to sell a product that is very hard to sell?
Will what cover the down payment? Insurance? Depending on the type of coverage you have, the insurance will replace with like kind and quality.Where can i find classic suburbans 4x4. pre 73?
MSRP has nothing to do with it. If they total your vehicle, they will give you it's actual value at the time of loss, adjusted for condition. Not replacement value, and they could care less about your down payment of payments. If you wind up still owing money to the lender after the claim is settled you will get nothing and still owe the remaining balance. You can buy GAP or VSI (vendors single interest) insurance to eliminate that problem. If you didn't, you will probably be left with a balance.What happens to all the new vehicles that dont sell that year and next year?
What you have invested and what the insurance company will pay has nothing to do with each other.More Questions & Answers ...
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