so far Ive been giving him $100 a week cuz thats all I can do. Next week Ill be taking out a loan..I dont have a lot of credit so the only thing I could get approved for was $3,000. I cant think of anything more i can do...Can anyone help me? I feel so horrible....
2006-12-21 11:24:24 · 6 answers · asked by mdc2134 1 in Cars & Transportation ➔ Other - Cars & Transportation
ive been paying the rental car and now im getting the loan...he still wants me to come up with more cuz aparently the car was worth 10k.
2006-12-21 11:39:40 · update #1
It's good that you're trying to take responsibility as this was your fault. The first thing you should probably do is settle on a value so you know what you owe and can start to make arrangements on how to do it.
I am guessing you don't have insurance since you've not mentioned that... but if you do, you should have them involved. As for his insurance? Since his making a claim would likely send his rates up, it's understandable he may prefer settling this directly with you. And, as it's your fault, his insurance company may simply pay him and then sue you to get their money back (and they will most likely be more pressing about how quickly you will need to pay them).
If you and your friend can settle this, do it. But be very clear with each other and put it in writing. Research what the car was worth and agree on a total amount, and payment schedule. Sign it, get copies and then live up to the terms you've agreed to and you should both be happy.
2006-12-21 11:54:19 · answer #1 · answered by Paul S 7 · 1⤊ 0⤋
Even though you weren't on his insurance policy, his insurance covers anyone that doesn't live in his residence that he allows to drive his car. I work in insurance and this is how I know this. This may make his insurance go up a little bit, but you could offer to pay the difference. I would also offer to pay the deductible, and for his rental car while his car is getting repaired or until he gets a new one.
2006-12-21 11:31:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
a million. Police record. 2. communicate with their coverage company. 3. Take pictures. 4. verify for witnesses. 5. in case you get no the place then you definitely will would desire to take this to small claims court docket.
2016-12-11 13:56:00 · answer #3 · answered by ? 4 · 0⤊ 0⤋
if you are getting a loan to give him 3000 bucks i think thats a great gesture and good luck to you
2006-12-21 11:27:41 · answer #4 · answered by kelly r 4 · 0⤊ 0⤋
You should feel terrible. You did a terrible thing. Man up, whining and pay what you owe.
2006-12-21 11:32:33 · answer #5 · answered by BILL 6 · 0⤊ 0⤋
have him file a claim and pay his deductible , get him a rental, he had to have ins. if it was worth that much, talk to his ins
2006-12-21 11:35:48 · answer #6 · answered by vincent c 4 · 0⤊ 0⤋