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 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

 

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.

 

Either way.....it sucks having your car stolen. Hope they catch the asshats that did it.

 

makes sense, thanks Ravi

 

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.