Reply to Car accident

Forum Index » Cars and Transportation

Reply to "Car accident"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not sure if this is the correct thread. About two weeks ago, my car was involved in a car accident, it was the other drivers fault. The front side end of my luxury car was hit and damaged, so the bumper and wires were sticking out and fluids were leaking out. It’s been in the shop ever since. The estimate for fixing my car is around 44k, which is shocking cause the car value is only around $55k. Repairs and getting the parts mights take until the end of March.
My questions are:
1. Is it worth It to fix the car thru my insurance?
2. Can the car be called a “total loss” and instead of repairs, I just get a new car?

What advice would others give or what should I ask my insurance agent. Also it is a leased car if that matter. Thanks in advance.[/quote]

Since your car is leased you have to return it in whatever condition is specified in your contract. Likely that means you have to get it repaired. [/quote]

Since the leaseing company hold the title,  the leasee, really doesn't have a say in whether or not the get get repaired or totaled.  Usually cars get totaled @ 75% of the value.  I'm really surprised they are putting 44K into a car worth 55K.

as the leasee,  you need to hope that you don't get stuck with the diminished value or the lease company finds other damage to ding you with you.  if the care was totaled, you cold be out a signification amount of money.  as the cars value could be a lot less than the residual lease value.  in which case you'd have to pay up the difference.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics