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car accident

Discussion in 'Auto Accidents, Injuries' started by Michelle Cooper, Jan 21, 2019.

  1. Michelle Cooper

    Michelle Cooper Law Topic Starter New Member

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    Jurisdiction:
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    I owe the bank $16k on a car. I was rear ended. The insurance paid the value of the car $8k can I sue the driver for the balance in order to pay off the car
     
  2. adjusterjack

    adjusterjack Super Moderator

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    Sure. You can sue. But you won't win any more than you already got because you are only entitled to the actual cash value of the car if it was a total loss.

    Why is there such a discrepancy? Did you roll a previous loan balance into your current loan? Did you not buy GAP insurance?

    Cars depreciate faster than the reduction of loan balances but that kind of difference is hard to understand.
     
    Michael Wechsler likes this.

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