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Car written off - total loss

BethanyD
BethanyD Posts: 111 Forumite
in Motoring
Has anyone on here had a car written off whilst it's still on finance?

Comments

  • AndyMc.....
    AndyMc..... Posts: 3,248 Forumite
    1,000 Posts Combo Breaker
    BethanyD wrote: »
    Has anyone on here had a car written off whilst it's still on finance?

    Surely that's not what you want to know?
  • loskie
    loskie Posts: 1,761 Forumite
    Part of the Furniture 1,000 Posts
    no I haven't
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    BethanyD wrote: »
    Has anyone on here had a car written off whilst it's still on finance?
    The insurance payout goes to the lender to settle the outstanding finance.
    If the payout isn't enough to settle the finance, then you owe the difference. That's what gap insurance is for.
  • tonyh66
    tonyh66 Posts: 1,736 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    AdrianC wrote: »
    The insurance payout goes to the lender to settle the outstanding finance.
    If the payout isn't enough to settle the finance, then you owe the difference. That's what gap insurance is for.
    you haven't answered the question AdrianC, in my case its no.
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 15,941 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No, I haven't, but I bet someone has.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    tonyh66 wrote: »
    you haven't answered the question AdrianC, in my case its no.
    Indeed. I took the liberty of asking the question that was almost certainly intended...


    Well, if we're being strict about answering the question, the answer can only be "Yes". It's not your or my experiences they're after - it's the generality. And there's been quite a lot of cars on finance written off, and it'd be beyond the stretch of reason for it not to have happened to a poster here...
  • motorguy
    motorguy Posts: 22,619 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Are we going to continue with this?

    As per Adrians comment, no I havent written off a car on finance personally, but i would say some people have.

    Is that the thread closed then?
  • debtdebt
    debtdebt Posts: 949 Forumite
    No. No I haven't.
  • parking_question_chap
    parking_question_chap Posts: 2,694 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    I dont tend to associate myself with people that get their cars on finance.


    :naughty:
This discussion has been closed.
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