01-01-2004, 11:02 PM
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Too lazy to set a custom title
Industry Role:
Join Date: Feb 2003
Location: NJ
Posts: 13,336
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Quote:
Originally posted by PersianKitty
The insurance company will likely ask you how many miles were on the vehicle in order to determine blue book value. If you've driven a standard amount it's likely gonna be appraised at $31K to $34K. Then they get a payoff amount from your finance company, pay them that amount and you get any remainder. Remember alot of that $12K you've paid is interest. You're likely not going to see anything. And if I did the math correctly you may owe some to the finance company, if you didn't have GAP insurance.
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