We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Car insirance for hire purchase
Tyler2406
Posts: 1 Newbie
Hi brand new to the site
I'm really desperately looming for advice on behalf of my sister, she took out a car on hire purchase, she was having loads of issues with it to start off with but finally it's been running great. However a year on and someone drove into the side of her car. There were several witnesses and the old guy admitted he was at fault. Insirance paid for a courtesy car while hers is being assessed, however tonight she's received email stating her car is written off. She still owes thousands for the car and the insurance cover is no where near the amount she owes
So basically wondering where she stands... She's had an accident that wasn't her fault, the old bloke is sitting pretty with his insurance payout and my sister is left without a car and massively in debt, she didn't take GAP insurance, she has 8 years no claims I guess she didn't think she'd need it, esp as it's a people carrier too so not likely to be stolen
I'm really desperately looming for advice on behalf of my sister, she took out a car on hire purchase, she was having loads of issues with it to start off with but finally it's been running great. However a year on and someone drove into the side of her car. There were several witnesses and the old guy admitted he was at fault. Insirance paid for a courtesy car while hers is being assessed, however tonight she's received email stating her car is written off. She still owes thousands for the car and the insurance cover is no where near the amount she owes
So basically wondering where she stands... She's had an accident that wasn't her fault, the old bloke is sitting pretty with his insurance payout and my sister is left without a car and massively in debt, she didn't take GAP insurance, she has 8 years no claims I guess she didn't think she'd need it, esp as it's a people carrier too so not likely to be stolen
0
Comments
-
As long as she is getting a fair value for the car then not a lot she can do I am afraid. This is where gap insurance would have helped out.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
0 -
As molerat said, your insurer/third party is only responsible for the market value of your vehicle. Unfortunately, the financial agreement that your sister pays has nothing to do with anyone else.
GAP insurance is what was required here.You'll find me sat in the corner with a pack of dry roasted and a Guinness.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards