Do you still have to pay your car note if your car is stolen?

Question:

Answers:

Yes. Even though your car was stolen you must still make the dreaded monthly payments. However, if you had the vehicle insured and it covered theft the insurance company will pay off some or maybe even all of it. Now if the insurance does not payoff all of the vehicle and you have GAP insurance than you have nothing to worry about.
GAP or Guaranteed Asset Protection picks up the difference in what the insurance pays and what is owed.
For example: let's say you owed 20,000.00, but the insurance is only going to give you 12,000.00. GAP would cover the remaining 8,000.00 and you would be 0.00 out of pocket. Check your loan paperwork to see if you purchased GAP coverage.
The dealership may have included GAP and you may not have known about it. It could save you thousands.

I paid £200 deposit for a car..now i find that i can't afford it...will i lose my deposit?

yes ...but if you have theft insurance your insurance complny pay.. ( but only book value ) you will be responsible for the rest

Is anyone willing to trade a 2000 mitsu eclipse GS for a 4x4 vehicle.?

Yes. Your insurance should take care of this though.

How much would you pay for a rover 25, just under 50,000 miles taxed till Dec? X reg in good condition too?

Yes unless your insurance covers theft and even then the insurance company might not award you enough to pay off your car. Especially if you are upside down. (you owe more than the car is worth because of little or no down payment and you stratched the loan out for as long as possible)

Whats a perfect car to tow a small boat?

yup,but your insurace should pay unless they find it then they pay for damages if its not totaled

I am selling chocolates for a fundraiser and do not no what to say when I go door to door what should I say?

You owe you owe so off to work you go

Police Car Auctions?

Next time buy GAP insurance

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