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@christianperson Lmao being underwater on a loan isn’t the other guys’ fault Let this be a lesson in GAP insurance and why it’s important, the $10 a month a pay for it has been absolutely worth it for my car that I’m just now no longer underwater on (5 year term, I’m paying it off this August)

@bblack4jc Sorry buddy :( I feel for ya

@bblack4jc Not at all, gap insurance is offered by your lienholder when you take out a loan. I financed my 2012 Hyundai Accent with 125k miles on it for $10k in 2015, my gap insurance is $10 extra a month and I got it because I knew I was underwater on it immediately

@bblack4jc Basically the other people are right, they pay the Actual Cash Value of the car, they don’t take into account what you do or don’t have left on the loan. You’ll still owe the balance on your loan after they send your lienholder the check. Let this be a lesson in Gap insurance and...

@pennyrn It does matter how long ago it was but honestly 3 months tops is what I would have considered as recent enough. If you went through your own insurance they’d be more likely to pay it because you’re their insured but as a claimant they’re not going to go out of their way to pay you more