I got the pulsatin' rhythmical remedy (busychild424) wrote,
I got the pulsatin' rhythmical remedy
busychild424

bah.

My loan payoff amount for the Subaru is $10,400.  Insurance is offering me about $7500 for the car.  (It is in fact totalled)  So yeah, that's a $3000 discrepancy.

But I'm a smart cookie and I have Loan Payoff coverage on my insurance policy.  With that, they will add 25% of what they're offering to pay me (~$7500) on top of the offer.  The claim rep did some figuring and said they could offer me about $9500.  So instead of owing $3000, I'll be $900 short.  That's not great, it leaves me zero to come up with a new car, but it's better than three grand, and now I've learned never to buy a car I'm that updside down on again.
Subscribe
  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic

    Your IP address will be recorded 

  • 5 comments