My Chevy car was totaled by drunk driver. I’m ok. If I get a new car would Chevy credit the years that i paid on my car?
And pay only the remaining years?
And pay only the remaining years?
The Devil
It is not an issue for Chevy. You need to talk to your insurance agent about getting your loss compensated to you by the at fault driver and their insurance.
oklatom
Did you happen to have GAP coverage on your insurance? If so it will pay off any balance due after the at persons insurance pays the lender fair market value on the vehicle. If not it will be your debt to pay off.
?
NO. Chevrolet has NOTHING to do with your car loan. You SHOULD have insurance to pay off the balance of the loan when your car is "totaled". If your insurance doesn't pay the complete amount, you're on your own.
regerugged
Your claim would be the market value of the vehicle. Go to Kelley Blue Book, www.kbb.com. Put in all of the info about your vehicle. Get a retail price, add sales tax, add title transfer fees.
thebax2006
You use the car insurance money to pay off any loan or lease remaining on the vehicle and the buy a new ride. I can't understand why you think the car manufacturer should give you any credit for buying their vehicles in the past.