My wifes car was $20,000 used back in 2019. Now after basically 10 years it gets hit. The insurance declares it totalled. So the car can’t be legally driven. The insurance will only pay us $9000. But now we’re trying to buy a replacement and for the same model year they are asking 16000!
WTF! What’s insurance for? Its just a tax. I much rather save to pay for my own car and have some sort of insurance that really actually covers the other driver.
Farmer this and state farm that and whatever General lizard, all are total bullshit regardless if you caused the accident or if you’re are the victim.
They should call it “pay slightly less than full price if you fucked up your car”
Something similar happened to me, luckily I had decided to get the gap insurance, that makes the difference.
Gap insurance is just you gambling on a tiny down payment. The house always wins.
Yeah… gap insurance is for when you pay more than the car is worth. So, the dealership. If you get a car from the dealership, you will pay more than Kelly blue book value. Example: car is 10k kbb, dealership will sell it to you for 14k because of BS. If you wreck the car the next day, insurance will pay you what the car is worth -the kbb-, so 10k. But now you are still on the hook and making payments on the 4k. This exactly what gap insurance is for and will cover the 4k gap. This exactly happened to me. They kinda snuck in the gap insurance but im glad they did.