I listened to a Dodge dealer give my friend advice on how to burn his car so he could get him into a new one. This was several years ago. Underwater car loan.
On The Rise: People Blowing Up Their Own Cars
- Thread starter ByLoSellHi
- Start date
Ah, thank you.
Question: On a lease, would you be exposed without gap insurance? Is gap coverage expensive?
It's not as if the insurance company pays you any higher a replacement value than you could have sold the car for on the open market. So in committing a series of crimes, i.e. insurance fraud, arson etc the perpetrator doesn't even have the benefit of economic gain if he indeed "get's away with it." The problem with leaving your car to be stolen is that it might actually be recovered, in which case, not only do you get the unwanted car back.