i was in a car accident and my rear tire is bent maybe the axcel my kelly blue book value of my car is 7,800, my car is in great condition before the accident. i still owe like 12,000 on it. can anyone tell me if they will total it and what will happened to the 12,000 i still owe.
2006-12-29 16:18:52 · 3 answers · asked by tolentino03@sbcglobal.net 1 in Cars & Transportation ➔ Maintenance & Repairs
i answered this one once i think,,the insurance company will probably pay it off ,because the interest on it probably will be taken off and the actual amount you owe will be less and you might come out a few hundred bucks to the good,but you wont have a car,that's the bad part of it,,good luck hope this help,s.happy new years.
2006-12-29 16:25:04 · answer #1 · answered by dodge man 7 · 1⤊ 2⤋
If you were smart and bought gap insurance with the loan then no problem.
If they total it out and pay less than what you owe on the loan you still have to pay off the rest of the loan.
2006-12-30 08:38:23 · answer #2 · answered by Naughtums 7 · 2⤊ 0⤋
by how you are describing the damage it is probably not enough to total the car. the insurance company will settle with your repair shop and you and you will get your xterra back in great shape as long as you go to a reputable repair shop.
the only thing you should be responsible for would be your deductable
2006-12-30 00:29:53 · answer #3 · answered by bob m 1 · 0⤊ 1⤋