While in their care, the dealership totaled my car. What should I expect for compensation. They are paying the car off, but what about putting me in a new car? I do not have a lot of established credit, so yes, I owed more than the car was worth. I don't feel very good about the way things are going. Regardless of how much I had left to pay on the car, it would not be a concern if it were not for their carelessness. The car was brand new, and did not even have 10,000 miles.
2007-04-12 09:44:43 · 7 answers · asked by alesia m 1 in Politics & Government ➔ Law & Ethics
Thank you for all your answers. I got the answers I expected, and thats a bunch of crap. I would not be dealing with any of this if it were not for their negligence. To me, it should be made right and thats the bottom line, but like some of you said, somebody has to get screwed...its not fair.
2007-04-12 11:43:34 · update #1
Contact your insurance company, they will be able to direct you where to go next, they may even be able to get you proper compensation to get a new car.
2007-04-12 09:53:43 · answer #1 · answered by a_k 4 · 0⤊ 0⤋
Insurance companies will devalue a car like crazy when they pay a claim, so you are the exception to the rule if you're getting a total payoff and owed more than it's worth! Definitely doesn't happen very often, consider yourself lucky in that regard.
As far as new wheels, ask the dealership to hook you up. They have the resources to sell you a car below invoice and secure financing for you, it's the least they can do since it's their fault. Go straight to the dealership management and ask nicely that they get you secured in a zero down, reasonable payment new car.
2007-04-12 09:55:55 · answer #2 · answered by Anonymous · 1⤊ 0⤋
With out going to court, do not expect much. They will pay off what you owe on the car, but that is it.
Check with a free legal aid lawyer. They can give you some insite as far as possibly suing them. But to be honest, I don't think that you will get much more than the vehicle being paid off.
Good Luck
On a side note....It will help your credit rating somewhat...The car lone will be paid in full, which will improve your debt to income ration, plus, it will show the vehicle being paid off in advance...
2007-04-12 09:57:29 · answer #3 · answered by devil1hunter 3 · 1⤊ 0⤋
If you owed $$ on that car , then you do have credit .
If they pay off a vehicle that you owed more $$ than it was worth , you came out AHEAD .
Count your blessings , and go get a vehicle that is NOT more $$ than it is worth this time .
You lucked out , do NOT repeat your 1st mistake again.
2007-04-12 09:59:29 · answer #4 · answered by kate 7 · 0⤊ 0⤋
This just happened to my son and his wife. Your insurance company will pay off the car loan, but they won't pay for the money you lost for the down payment or any payments, so you are SOL! I would sure the dealership for it so at least you start even!
2007-04-12 09:56:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
My girlfriend's car got totaled. Seems the fair market value was around $10,000 but she only got $8,000. This is standard procedure for the ins. companies, they have been screwing us for years. I don't know what we can do about this because by law we have to have car ins.
So in your case what's going to happen? Will you ins. company pay or the dealer's ins compay pay for the car?
2007-04-12 11:16:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you owed more than the car was worth, but you expect a new car to replace it?......good luck with that one.
2007-04-12 09:59:00 · answer #7 · answered by Anonymous · 1⤊ 0⤋