Legal Question in Consumer Law in California

auto loans

My car was just in an accident. They took a while tearing it down to get an estimate. The estimate almost totaled the vehicle within a few hundred dollars. Now it's getting repaired. I talked to a car salesman, who told me that now, with a car fax on it, I won't be able to trade it in. My question is: Is there anything that can be done to force it to be totaled or the Lien Holder buy it back ? I have GAP Insurance and would like to to just walk. It's worth approx. 16K. I owe 23K.


Asked on 12/28/08, 2:32 pm

1 Answer from Attorneys
Daniel Bakondi The Law Office of Daniel Bakondi

Re: auto loans

It is your decision whether to hire an attorney and write a letter to the insurance company to try. Insurance in principal means you are not supposed to be at a disadvantage after. It would take me several hours to prepare a letter.

Best,

Daniel

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Answered on 12/28/08, 4:37 pm


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