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mirianzhita

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want to return it to the? Your Open QuestionShow me another »
I have Dodge Neon 2005. My loan is for $8000. I want to return it to the bank. What are my consequences?
I have Dodge Neon 2005. My loan is for $8000. For the past 3 months i had two accidents my car is not worth it no more. I want to return it to the bank. What are my consequences?? Besides getting a bad credit.



REGARDING MY RECENT ACCIDENT, CAN I FIGHT WITH THE FAULT PERSON INSURANCE AND LET THEM KNOW THAT I DON'T WANT MY CAR TO BE FIX BUT MONEY BECAUSE IT'S THE SECOND ACCIDENT AND IS NOT WORTH ANYMORE???? PLEASE ADVICE!! THANK YOU
 
You can take the money from the accident that is awarded to you from their insurance company and do what ever you please with it. You don't have to fix the car if you dont want to.
 
I need more details. If you have insurance always call your insurance company if you have an accident. If you had an accident and someone else was at fault and both of you have insurance your insurance company will contact their insurance company. If they don't have insurance and you have insurance contact your insurance company and they will handle it for you even it is a hit and run. The insurance company usually sends an adjuster out to look at the car's damages. Based on the damages and blue book value the insurance company figures up a settlement offer if they consider it totaled. It is totaled if the damages are more than the blue book value. If it is totaled they contact you to ask you if you want to keep it or have it taken away. If it is totaled and you don't want to keep it they will make a settlement with you and the bank and if their is anything left over you will get it if not you still owe for the car unless you have a GAP Insurance or Differential Wavier on the car. If you have insurance they will pay some and/or all cost for the repairs to your car depending on the situation. Try contacting the bank and see if you can work something out with them because bad credit is not good in any way and it will hurt in the long run. I hope this helps. GOOD LUCK!
 
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