Main IndexAuto Repair Home Search Posts SEARCH
Who's Online WHO'S
Log in LOG

Worst case scenario!!! Help!

  Email This Post

Anonymous Poster

Feb 11, 2008, 8:43 PM

Post #1 of 5 (800 views)
post icon Worst case scenario!!! Help! Sign In

So, i'm in this predicament.

I got into a car accident in December and i didn't have collision on my 06 Suzuki Forenza so my insurance won't do a thing. And I can't sue because i was making a left hand turn.

I owe, $15 grand on the car, the damage is on the passenger side, the frame is bent, the doors are trash. When the other car hit me i went up on the curb, popping my driver tire, so i'm sure the front axle is all cranked. The engine is fine, unscathed, its drivable but no way legal or recommended.

IF the car is repossessed it goes on my credit, but i don't want that, and do i still owe? I'm not paying for a car i can't drive. I was thinking about junking it but that won't really be enough for anything close to the amount left on the loan. I have Gap insurance but no one has settled on my claim yet, so i don't know if anyone is gonna pay any money for the gap insurance to kick in.

What are my options? Do i have any or am i just screwed?

DrElectrics profile image

Feb 11, 2008, 10:04 PM

Post #2 of 5 (792 views)
post icon Re: Worst case scenario!!! Help! [In reply to] Sign In

I don't know much about American Insurance...But as a sort of gauge, all I can offer is this.

In Australia - Within our registration is a clause called COMPULSARY THIRD PARTY This means that if we crash into someone we are automatically covered through registration.

Your Situation - Are you sure you cannot sue? Were you in the wrong? If the car is repossessed, they will sell the vehicle and you will still have to pay for the remaining balance. This is a hard one. I would seek legal advice on your options.

Tom Greenleaf
Ultimate Carjunky / Moderator
Tom Greenleaf profile image

Feb 12, 2008, 12:01 PM

Post #3 of 5 (787 views)
Re: Worst case scenario!!! Help! [In reply to] Sign In

Not sure what this "gap" insurance is?? Every state I know of you don't really own the vehicle till the last buck is paid and I can't think of a lender who would loan $$ unless it was covered for any type of loss except for intentional.

In essense you have damaged someone else's property that if reposessed wouldn't be worth the amount owed right now and you would be responsible for the difference,

Long retired now


Feb 12, 2008, 3:09 PM

Post #4 of 5 (784 views)
Re: Worst case scenario!!! Help! [In reply to] Sign In

Wow never heard of a dealership allowing a car that new to not have full coverage . I would talk to them bet you they will find someway to make things work out .

Veteran / Moderator
way2old profile image

Feb 12, 2008, 6:33 PM

Post #5 of 5 (779 views)
Re: Worst case scenario!!! Help! [In reply to] Sign In

That is what the GAP insurance is for. The value of the vehicle is less than the payoff and therefore you can purchase insurance to pay the difference so you don't have to pay out of your pocket. All you are out is the deductible.

Being way2old is why I need help from younger minds

Worst case scenario!!! Help!

  Email This Post

Latest Forum Post

Hi everyone is it hard to replace a blower motor on Volvo C70 2007

Okay folks... I'm at a loss. Even my simple mind understands that if you have fu...

I have a 86 Ford Bronco with a 302 engine and need a new carb. It is a 2 barrel ...

Question about ethics of billing. I take an 05 Sequoia in that has a coolant lea...

hi, can anyone help please. recently whi...

Hello, I just bought this work car about 2 months ago, and have dumped a lot ...

Feed Button

Automotive Forum Categories
AC Auto Repair
Auto Body Repair
Auto Insurance
Automotive Repair
Automotive Wiring
Automotive World
Brake Systems
Car Care Tips
Car Racing
Car Shows and Events
Car Stereo Repair
Car Troubleshooting
Engine and Car Noises
Engine Fault Codes
Engine Troubleshooting
Exhaust System Repair
Gasoline and Motor Oils
General Discussions
Motor Vehicle Inspection
Motorcycle ATV Repairs
Motorcycle Body Repair
Motorcycle Clutch Repair
Motorcycle Engine Repair
Motorcycle Repair
Motorcycle Seat Repair
Remote Control Cars
Steering and Suspension
The Bargin Bin
Traffic Ticket Help
Tricks of the Trade
Truck Repair
Truck Repair Advice
Truck Engine Repair
Truck Suspension Repair
Car Forum - Sitemap

Search for (options) Privacy

web statistics