My car is a total loss, but I owe more on my loan than my car is worth. Who will pay off my loan?
My car is a total loss, but I owe more on my loan than my car is worth. Who will pay off my loan?
November8
Unfortunately, you’re on the hook for this. Hopefully your insurance agent told you about gap coverage when he sold you the insurance. Gap coverage would pay the difference. If you owe more than your car is worth.