Husband was in Car Accident - Page 3

Mrs.K · 11-12-2012, 04:15 PM

Yeah, it doesn't make any sense at all. They said it's because it is too many open accounts. It's three open accounts, I get that. It's 1150 Dollars of debt that is left but the credit score is horrible due to it. And they declined us despite us having our debit account, credit account and car loan with them for the past four years and we've always been in good standing with them. Always paid our bills with them.

Right now I am seriously freaking out and I don't know if I should laugh or crie...

Jax08 · 11-12-2012, 04:18 PM

Stop freaking out and go talk to a car dealer. They will find financing. It sounds like you are only working with one bank?

wolfstraum · 11-12-2012, 04:21 PM

you should also be able to get a loaner until you can get another car - like 30 days is normal.....!!!!

If you were looking for 2 used cars - and get 13-15K for the Jeep in cash - it seems you could buy at least one car outright, pay off the debt, and maybe get a small loan on the second one to re-establish credit - the dealers are great at getting loans - they get a point usually, and have resources to write anyone!

Lee

Mrs.K · 11-12-2012, 04:22 PM

Quote:

Originally Posted by Jax08

Stop freaking out and go talk to a car dealer. They will find financing. It sounds like you are only working with one bank?

Well, it is mainly because of the GAP insurance, that gives us a 1000 Dollars but only if we finance through them, which we can't since they declined us, now.

But yeah, we should probably go to a car dealer and see what we can do.

Jax08 · 11-12-2012, 04:22 PM

Actually, when my car was totaled, as soon as they made the determination that it was totaled, they pulled my rental. I was furious.

If money is owed to the bank, the insurance settlement typically goes to the bank and the check has the banks name on it as lienholder.

Mrs.K · 11-12-2012, 04:24 PM

Quote:

Originally Posted by Jax08

Actually, when my car was totaled, as soon as they made the determination that it was totaled, they pulled my rental. I was furious.

If money is owed to the bank, the insurance settlement typically goes to the bank and the check has the banks name on it as lienholder.

Yeah, that is what happened in our case. And thank the lord I insisted on the GAP insurance.

**bocron** · 11-12-2012, 04:32 PM

Having just gone through my car being totaled I'll give you my hindsight. First, like someone else said, don't take their first offer, do some online research on what points you have to negotiate. I ended up getting about $4000 more than the initial offer.
Also, make sure to get reimbursed for anything in the car that got ruined as a result of the accident. For example, my accident was at night and we couldn't see to get anything but the basics out of the car. The wreckers took it to the yard and swore to me they'd put a tarp over the car (that was missing the windshield and the driver's side window). Well they put a tarp on the car but didn't secure it (DUH!), when I got there the next day to retrieve what I could it was all in 2 inches of water. I had to then get reimbursed for a bunch of other stuff, which I threw a hissy fit about and they suddenly remembered that they had to pay for it by law (2 iPods, a wool coat, a camera, etc, I was on my way home from getting a puppy so had my cameras, a crate, etc in the car).
Sorry you are going through this

.

Mrs.K · 11-12-2012, 04:41 PM

Well, my husband did the whole thing. It's his first experience. They offered almost 13 000 and to him that sounded really good because it only left us to pay of with 2500 which was covered by the GAP insurance... what's done is done. At least we don't have any debt on that.

rangersdad · 11-12-2012, 04:50 PM

Mrs.K, my wife and I went through that before and know it's a horrible thing to deal with! When we were stationed in Germany (many years ago now lol) we mostly had german used cars. With one exception we bought from german nationals who worked on post/base and were recommended by friends. The only time we bought a german car from an American we got taken advantage of. Check around your husband's unit and you may have good luck too. Best wishes!

Mrs.K · 11-12-2012, 04:54 PM

My friends neighbor is a car guy. He really knows his stuff and usually fixes cars up himself. We told him our budget and he's going to check craigslist first and will also go to the dealerships with us.

I just wish things would be easier. We wanted to buy a second car and now we are stuck with one car again... it's a whole chaineffect...

11-12-2012, 04:18 PM	#22 (permalink)
Jax08 Crowned Member Join Date: Feb 2009 Location: NNE PA Posts: 19,036	Stop freaking out and go talk to a car dealer. They will find financing. It sounds like you are only working with one bank? __________________ Michelle _________________________________________ Jax Von Monkeybutt, CGC Queen Banshee Boo Sierra the Undecided Cracker, The Great Shedder Rich N Handsome, "Red"

11-12-2012, 04:21 PM	#23 (permalink)
wolfstraum Crowned Member Join Date: May 2003 Location: PA Posts: 8,214	you should also be able to get a loaner until you can get another car - like 30 days is normal.....!!!! If you were looking for 2 used cars - and get 13-15K for the Jeep in cash - it seems you could buy at least one car outright, pay off the debt, and maybe get a small loan on the second one to re-establish credit - the dealers are great at getting loans - they get a point usually, and have resources to write anyone! Lee __________________ Csabre Sch1, Hexe Sch2, Bengal, Komet, Kyra, Kira & Kougar v Wolfstraum ~ - Danger Sch1 SAR - ATB~ Kougar Sch3, Kyra Sch3, Cito Sch2, Alice Sch1, Kelsey CD, Ret ~ Basha Sch3, Fenja Sch3 wolfstraum.net

11-12-2012, 04:22 PM	#25 (permalink)
Jax08 Crowned Member Join Date: Feb 2009 Location: NNE PA Posts: 19,036	Actually, when my car was totaled, as soon as they made the determination that it was totaled, they pulled my rental. I was furious. If money is owed to the bank, the insurance settlement typically goes to the bank and the check has the banks name on it as lienholder. __________________ Michelle _________________________________________ Jax Von Monkeybutt, CGC Queen Banshee Boo Sierra the Undecided Cracker, The Great Shedder Rich N Handsome, "Red"

11-12-2012, 04:32 PM	#27 (permalink)
bocron Moderator Join Date: Mar 2009 Location: Milton, Georgia Posts: 1,995	Having just gone through my car being totaled I'll give you my hindsight. First, like someone else said, don't take their first offer, do some online research on what points you have to negotiate. I ended up getting about $4000 more than the initial offer. Also, make sure to get reimbursed for anything in the car that got ruined as a result of the accident. For example, my accident was at night and we couldn't see to get anything but the basics out of the car. The wreckers took it to the yard and swore to me they'd put a tarp over the car (that was missing the windshield and the driver's side window). Well they put a tarp on the car but didn't secure it (DUH!), when I got there the next day to retrieve what I could it was all in 2 inches of water. I had to then get reimbursed for a bunch of other stuff, which I threw a hissy fit about and they suddenly remembered that they had to pay for it by law (2 iPods, a wool coat, a camera, etc, I was on my way home from getting a puppy so had my cameras, a crate, etc in the car). Sorry you are going through this . __________________ Annette Holbrook www.coppercreekdvg.com- All Breed Schutzhund Club Home of Umarek von Hugelblick, my good luck charm!

11-12-2012, 04:41 PM	#28 (permalink)
Mrs.K Crowned Member Join Date: Jul 2009 Posts: 8,498	Well, my husband did the whole thing. It's his first experience. They offered almost 13 000 and to him that sounded really good because it only left us to pay of with 2500 which was covered by the GAP insurance... what's done is done. At least we don't have any debt on that. Last edited by Mrs.K; 11-12-2012 at 04:46 PM.

11-12-2012, 04:15 PM	#21 (permalink)
Mrs.K Crowned Member Join Date: Jul 2009 Posts: 8,498	Yeah, it doesn't make any sense at all. They said it's because it is too many open accounts. It's three open accounts, I get that. It's 1150 Dollars of debt that is left but the credit score is horrible due to it. And they declined us despite us having our debit account, credit account and car loan with them for the past four years and we've always been in good standing with them. Always paid our bills with them. Right now I am seriously freaking out and I don't know if I should laugh or crie...

11-12-2012, 04:50 PM	#29 (permalink)
rangersdad Member Join Date: Sep 2012 Location: Southeast North Carolina Posts: 123	Mrs.K, my wife and I went through that before and know it's a horrible thing to deal with! When we were stationed in Germany (many years ago now lol) we mostly had german used cars. With one exception we bought from german nationals who worked on post/base and were recommended by friends. The only time we bought a german car from an American we got taken advantage of. Check around your husband's unit and you may have good luck too. Best wishes!

11-12-2012, 04:54 PM	#30 (permalink)
Mrs.K Crowned Member Join Date: Jul 2009 Posts: 8,498	My friends neighbor is a car guy. He really knows his stuff and usually fixes cars up himself. We told him our budget and he's going to check craigslist first and will also go to the dealerships with us. I just wish things would be easier. We wanted to buy a second car and now we are stuck with one car again... it's a whole chaineffect...

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