i need to put down money for a new car, b/c the car i have now- the transmission is broken and the car has over $2,500 worth of damages. so i was thinking: how could i get in a car accident so i could total my car to get cash from my insurance company? should i do this (is that fraud)? is there another way my insurance could give me cash to put down on a new car?
2007-11-29 00:04:12 · 8 answers · asked by rainbowgirl07 2 in Cars & Transportation ➔ Buying & Selling
will my insurance company give me cash to finance a car? what if i trade it in or sell the car for parts?
2007-11-29 00:05:15 · update #1
STOP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THIS IS INSURANCE FRAUD AND YOU WILL FACE BOTH A VERY STEEP FINE AND WELL AS TIME IN JAIL.
2007-11-29 00:08:28 · answer #1 · answered by Anonymous · 5⤊ 2⤋
Just planning a fraud is punishable. Don't do it! Just work harder over the Holiday's make more money and buy a car. Like the rest of us go into debt and pay for years.
2007-11-29 08:12:29 · answer #2 · answered by John Paul 7 · 1⤊ 1⤋
Most lending and auto brokers will give you a car for a trade in.Its only worth $500 to them and you could buy one up to 3000.I did it last week.
Gotta luv'r integrity
2007-11-29 08:09:56 · answer #3 · answered by who 5 · 0⤊ 0⤋
Absolutely illegal and dangerous besides. You could seriously injure yourself or an innocent.
You need to focus on trying to either trade in or sell your car.
2007-11-29 08:15:05 · answer #4 · answered by pboelte 3 · 2⤊ 0⤋
if u have a non-fault accident u are entitled to either full or repairs of ur vehicle or a cheque in the sum of your pre accident value (u get this if repairs cost more then 2/3rds of ur vehicles value).
however im not sure how u could get someone to crash into u without it being ur fault?
many fraudlent claims would reverse into a car behind them & then say they drove into the back of them..if u get what i mean?
2007-11-29 08:14:47 · answer #5 · answered by Anonymous · 0⤊ 1⤋
First of all it is fraud . Secondly all you have to do is trade in your car.
2007-11-29 08:13:31 · answer #6 · answered by sddq_nn 3 · 1⤊ 0⤋
if you have gap insaurance push it off a cliff or leave it in detroit with the windows down and vehicle running just dont tell anyone most people get caught because they run their mouths
2007-11-29 10:52:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes, what you are suggesting is insurance fraud, a serious criminal offense.
2007-11-29 11:27:15 · answer #8 · answered by Scott H 7 · 0⤊ 0⤋