Car totaled, will I get financed again?

  • Thread starter Thread starter Kay
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Kay

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Okay, I bought a car a few weeks ago, 3 to be exact..Well to make a long story short in got vandalized and the insurance company might have to total it out due to high repair costs....Now here are my questions...1) I owe $6700 on the car, and I think it is worth $9600, will I get the difference to go toward a replacement car? 2) The car I bought that got vandalized, I got at a good deal, but I don't see any cars around that same price, will the insurance company possibly give me more, since there's really nothing in that price range?? 3) It was really hard for me to get financing bc I already had out a auto loan, but I eventually got financing through a credit union (I wasn't a member before I got the loan, but the car lot I bought the car from was), Will I likely get financing from that credit union again for another car?? Do you think I will get financing if the replacement car is 2 or 3K more??

Thanks for any of your help......
 
> I owe $6700 on the car, and I think it is worth $9600,
> will I get the difference to go toward a replacement car?

The insurance will give you a check for the BOOK value. And you pay off the loan. Anything left is yours to keep or use to buy another car. But don't hold your breath.
===
> The car I bought that got vandalized, I got at a good deal, but
> I don't see any cars around that same price, will the
> insurance company possibly give me more, since there's
> really nothing in that price range

It is NOT their responsibility to find you a replacement. So no.
====
> Will I likely get financing from that credit union again for
> another car?? Do you think I will get financing if the
> replacement car is 2 or 3K more??

Cannot be answer by people here. You have to contact your credit union for that.
=====
> Well to make a long story short

Too late. :-)


Good luck...
 
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