look....I have been paying down the principle on the car for three years. Insurance is there to cover my a— incase stuff like this happens. Now they are saying that it doesnt matter how much I’ve paid into the car. What if I had payed all but $100 on the car?
It sucks. I recognize that. However, I also recognize that life will have its downs and the smartest is always to cut losses as they come up and not try to hold onto anything. That’s my advice.
If there is a better way than I suggest, I hope somebody suggests it or you think of it.
I am confused the reason we carry car insurance is for this reason WHY in the hell is the insurance company not paying the car off???
” Now they are saying that it doesnt matter how much I’ve paid into the car. What if I had payed all but $100 on the car?”
That’s just it: You never paid into the car. You paid rent, not principle. You have zero ownership in the car. You were renting, and you were paying the depreciation based on time and miles. You were never paying into the car itself, just its use.