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You had your brand new SUV for 4 days and someone ran into the front it Can you make their insurance buy you a new car? |
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Simple answer no. The insurance company won't pay for example $40,000
for a $4000 body job. If you can demonstrate that the vehicle is
totalled, the the answer is yes.
Maybe. Keep in mind the value of a new car drops an average of 10%
when you drive off the lot because now it's used. You also may have
bought the new SUV with a great deal due to their being anxious to sell
it, say last day of the month, or it's been there a while. Even if
totalled the bluebook is what you will get, it may or may not be enough
to by another new one identical to what was hit.
You also need to look into how long you have to pay off the loan, if
any, without interest or penalty. I think it's 3 days in this state, so
if you have a loan the amount given to you may not even be enough to
pay off the loan, especially if you didn't make a down payment.
First answer by Robi1. Last edit by Bisjoe. Contributor trust: 58 [recommend contributor]. Question popularity: 38 [recommend question]
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