Here is the situation...about a year ago, I bought a new car. I put 1500.00 down, and rolled over a loan for 2700.00 from my last car and truck. The total cost of the car was around 10 grand, I borrowed about 13 or 14, not sure how much exactly. About a month ago, it was totalled. At the time of the loss, I still owed about 11500 on the car, the other insurance paid about 8500 on the car...leaving about 2500 or so on the loan. Will my Gap pay off the loan, or only part of it since I rolled over another loan into it? My insurance agent has not worked with Gap too much and isn't too sure, he said it would be a "learning expirience" for him!
2006-06-20
18:01:45
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5 answers
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asked by
mikeswife
1
in
Insurance & Registration