Car Theft - outstanding finance
I found my car has been stolen today and i’m really worried about the payout I’ll be facing if it can’t be recovered. I’m wondering if anyone has had a similar experience or some advice that I may come how receive a better outcome than expected.
I have outstanding high interest finance on my vehicle which is £3903 as an early settlement figure and after a quick valuation online my cars current market value is £2688 which may differ depending on the insurance company.
My excess fees are £295 which totals to a potential of being out of pocket by around £1510 which in my current circumstances is completely unaffordable but also leaves me without a car for work which is a necessity.
The car was was purchased in April 2023 and the registration is 2012 - hence no eligibility for GAP insurance.
I’m under the impression that there’s not really anything that can be done but hope that there may be someone out there who can offer some useful advice.
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