Wrecked...

jamesleerpc

Hows my car only worth 15-20k? Its worth 42.6k and i only had 1800 miles on it. and can you explain what you mean by "insurance company would just write it off?" Sorry this is my first wreck and i am really shocked.

m4a1mustang

Worth 42.6k? WTF are you smoking? You can buy a NEW 370 AT Sport + Touring w/ Nav for under 40...

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jamesleerpc

i meant MSRP the car is 42.6k
But hold on.. there is another thread something like "another Z down" or something. And someone wrote something about GAP protection. I know I have that because we purchased it. What would that do for me?

m4a1mustang

Lets say you owe $30k on your car but your insurance company totals it and only gives you $22k. The GAP insurance will cover that $8k difference so you can pay off the loan in full.

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frost

If they were to write you a check, it would be for what they call "black book value" which is what your particular car is selling for your area. So, if you go to autotrader, look for what your car is going for, average it out, that's the check they are going to write you.

Hope you got GAP insurance at the dealership, or through your own insurance.

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370z OG

jamesleerpc

Yes I do have GAP insurance. Also, looking at KBB do i look at how much i would get if i traded the car or what? because if i look at how much i would get it is around 35k