I got into a car accident driving my friend's car. She let me borrow it because my car was getting repaired. I was not at fault of the accident, however my friend's car was a total loss (i still feel terrible). My friend got about $6,000 from her insurance. I initially gave my friend $1000 to cover her deductible (which she got back with the $6000). Note: the driver at fault was uninsured. He got cited and that was that. Police report states he was at fault. Dilemma is my friend is asking me to give her an additional $2500 to help her with the down payment for a new car. I am willing to help her for a downpayment but is $2500 alot? I already gave her $1000 which means a total of $3500 I will have to pay my friend. Does this sound reasonable?She is planning to use the $6000, plus my $2500, plus some that she can borrow from mom to total $10,000 for the downpayment. Who puts down that much anyway? But I do understanf that if Ihad not borrowed her car none of this would have happened.
2007-06-22 07:20:31 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
I forgot to mention that the $6000 were thecash value of the car which was already paid off before the accident. So that plus the $1000 deductible = 7000. She wants to put as much down close to 10, 000 so that she is left with a very low monthly car payment. Given that she did not have one before the accident.
I only have liability so my insurance does not cover anything.
2007-06-22 08:02:31 · update #1
Honestly, you don't owe your friend another dime. And if you gave her $1000 and she got it back from the insurance b/c they waived the deductible...you need to get your $1000 back from her. She's trying to guilt you and use your friedship in a manner which is completely unacceptable. Sure she's in a crummy situation, but she's been compensated and now she's just after money.
2007-06-22 15:33:54 · answer #1 · answered by bundysmom 6 · 0⤊ 0⤋
Okay, you gave her $1,000 so she woulnd't be out of pocket on the deductible. That was the proper thing to do. She got the $1,000 back, but she didn't give it back to you. So she really has $7,000. If you are content letting her keep the money, fine, but no more. What if she wanted to buy a Rolls, and told you she wanted $90,000 from you for the down payment? Insurance puts her in the position she was in before the accident. She had a $6,000 car, and she now has $7,000. It wouldn't matter what insurance you had on your car, it wouldn't give any more money, either. Insurance is Actual Cash Value at time of loss, that is what her company gave her.
2007-06-22 08:05:58 · answer #2 · answered by Fred C 7 · 1⤊ 0⤋
No, no , no! Don't give her anymore money! Paying the deductible on her insurance has completely brought her back to where she was before. She is either taking advantage of your generosity, or she's confused about the insurance check she received.
What I suspect is she owed money on the car. So, the insurance check she received was for the total value of the car minus the amount she still owed. In her mind, she didn't get enough for the car, but she needs to remember that it also cancelled out her debt, so now she is back to even or "made whole again" in insurance vocab.
Good luck explaining that to her, but certainly don't give her anymore money, you've done enough.
2007-06-22 10:38:31 · answer #3 · answered by Nate W 5 · 0⤊ 0⤋
Sweetie- no no no no no no!
That 6000 she got was the actual cash value of her car! Regardless if she had to pay off her loan with that.. or could get a new car... she was reimbursed!
She can go out and get that SAME EXACT CAR with that amount! Why doesnt she use that as her down payment? Or if she owed money... now that its paid off- she can get a new loan! Doesnt that make sense to you?
This friend is taking advantage of you! You were such a good person to do what you did- you owe her absolutely no more!
Please Please Please understand they paid her what her car was worth.... dont give that b*tch anymore money!
To answer to your additional details:
What you need to understand is she is trying to PROFIT from her loss.. she is buying a car that cost more then the car she had.. why should you pay the difference? See what i mean? She is getting a car that requires a 10k downpayment! her car was only worth 7k before! Why should you pay for her upgrade? She doesnt have to have a monthly payment if she pays for the same kind of car
2007-06-22 07:30:49 · answer #4 · answered by la428282 6 · 4⤊ 0⤋
You have been MORE than gracious in giving your friend the $1,000 towards her deductible ESPECIALLY as she recoverd in full from the other driver. With that settlement she is now whole again (PLUS your $1,000!) and has no claim with you or the other driver. If she was any kind of a friend herself, she would return the $1,000 you gave her since you have no liability at all.
She is not entitled to a new car as a result of this situation. She's entitled to, and has enough money to, replace her old car with something similar. If she chooses to upgrade now, that's a personal choice and YOU have NO responsibility at all.
Personally, I'd find new friends. She's not much of one.
2007-06-22 08:08:19 · answer #5 · answered by Bostonian In MO 7 · 5⤊ 0⤋
Legally no you dont, cuz her coverage on the veh would have covered the accident if you were at fault. Consciously you have to think man what if it was my car, and this happened. Now she can always sue the other driver depending on what state you live in. But legally she cant make you do anything.. What the hell kind of car is she trying to buy for 10 down
2007-06-23 06:56:29 · answer #6 · answered by D.L. 4 · 1⤊ 0⤋
What about your insurance? They cover you, no matter what you are driving.
What is the car worth? Seems like $1k is still more than enough since it wasnt' your fault.
I would only see giving her more if the car was worth like say $10k and insurance only paid $6k, but even then your friend should be hitting up the insurance company, not you
2007-06-22 07:27:10 · answer #7 · answered by DC 3 · 0⤊ 1⤋
She is trying to take advantage of you----- some
friend. IMO she owes you the $1,000 you initially
gave her. You state she got it back.
If she wants the extra $2,500, LOAN it to her &
put in writing & have it notarized.
Remember, it wasn't your fault. It could have just
as easily happened to her as it happened to you.
SOME "FRIEND" !!!
2007-06-22 07:38:15 · answer #8 · answered by Snickers 2 · 4⤊ 0⤋
Morally you owe her the money, you are supposed to return an item in the same condition rou got it.
Legally you sue the uninsured motorist for the 3500 - small claims court.
I pay for my cars in full when I get delivery
2007-06-22 07:27:02 · answer #9 · answered by startrektosnewenterpriselovethem 6 · 1⤊ 9⤋
that is no friend, she is an extortionist. do not give her one more cent!!!!!!!!!!!!!!!!!!!!!!
2007-06-23 12:33:10 · answer #10 · answered by cheri h 7 · 1⤊ 0⤋