my luck !!!!!!!
11-08-2006, 07:54 AM
#1
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my luck !!!!!!!
Hey Guys,
I know i havent started a post up in a while but i needed to vent a little bit...
As you all most likely know, I traded the CL-s in 2 months ago for the Si...
Well it's only been two months, and i walk out my apt yesterday and see that someone stole the Si... I had kill switches in the car so i think someone came and either knew what they were doing or just flat bedded the car away... now i have to wait about 30days for my ins co to payoff the car and go get something else...
I have a question if any of you know about this... its about GAP insurance, i bought it when i got the SI... do any of you know exactly what does it do... i know it pays off any extra amount that the ins co doesnt cover... but dont they give you money towards another car or something?
I posted it here because i know you all are big helps, any info would be appreciated...
I know i havent started a post up in a while but i needed to vent a little bit...
As you all most likely know, I traded the CL-s in 2 months ago for the Si...
Well it's only been two months, and i walk out my apt yesterday and see that someone stole the Si... I had kill switches in the car so i think someone came and either knew what they were doing or just flat bedded the car away... now i have to wait about 30days for my ins co to payoff the car and go get something else...
I have a question if any of you know about this... its about GAP insurance, i bought it when i got the SI... do any of you know exactly what does it do... i know it pays off any extra amount that the ins co doesnt cover... but dont they give you money towards another car or something?
I posted it here because i know you all are big helps, any info would be appreciated...
11-08-2006, 08:01 AM
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I forgot to mention, Where i bought my si, they have a 03 CL-S6... if they cant find/ repair my si, i;m thinking about getting that or a 01-03 TL S
11-08-2006, 08:09 AM
#3
Team Owner
iTrader: (4)
From what I understood....When you finance a car, because of the interest you will owe a lot more than the agreed upon price. If your car is a total loss from accident or theft, the insurance company will just give you what the car is worth.
So if you agreed to pay $10K for your car, and after financing, tax, tags and fees it comes up to $14K, and then your car is lost. The insurance will just give you what it's worth. So let's say $11K. That means that you are usually responsible for the remaining $3K. GAP insurance covers this difference and so you don't have to pay anything.
So if you agreed to pay $10K for your car, and after financing, tax, tags and fees it comes up to $14K, and then your car is lost. The insurance will just give you what it's worth. So let's say $11K. That means that you are usually responsible for the remaining $3K. GAP insurance covers this difference and so you don't have to pay anything.
11-08-2006, 08:17 AM
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Next Car Coming Soon
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Originally Posted by RaviNJCLs
From what I understood....When you finance a car, because of the interest you will owe a lot more than the agreed upon price. If your car is a total loss from accident or theft, the insurance company will just give you what the car is worth.
So if you agreed to pay $10K for your car, and after financing, tax, tags and fees it comes up to $14K, and then your car is lost. The insurance will just give you what it's worth. So let's say $11K. That means that you are usually responsible for the remaining $3K. GAP insurance covers this difference and so you don't have to pay anything.
So if you agreed to pay $10K for your car, and after financing, tax, tags and fees it comes up to $14K, and then your car is lost. The insurance will just give you what it's worth. So let's say $11K. That means that you are usually responsible for the remaining $3K. GAP insurance covers this difference and so you don't have to pay anything.
11-08-2006, 08:28 AM
#6
Senior Moderator
That sucks... But since this isn't about a 2G CL being stolen, it has to be posted in cartalk:
https://acurazine.com/forums/car-talk-5/
Feel free to report this topic over there as we can't move threads between forums.
https://acurazine.com/forums/car-talk-5/
Feel free to report this topic over there as we can't move threads between forums.
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