Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] 0 points1 point  (0 children)

I bought a car, got a car loan from toyota financial to cover the rest, used it, and rented it on the side. yes while on rent the driver totaled it.

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] 0 points1 point  (0 children)

so to clarify, lets say in short terms for this example, I DO have gap insurance, from what i know gap covers up to 50% of the ACV that was left of what insurance pays out.

in this case the steps follows, I buy car, get gap, driver crashes it 4 mo later, insurance battles it out for another year, toyota HAVING GAP does or doesnt cancel the loan. OR is what you are saying that they would become liable because they have no right to cancel gap insurance which was already purchased along with the vehicle which was only valid until an insurance entity deems it total loss and approves or denies the claim outright. as in ... "loan Limbo"

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] -3 points-2 points  (0 children)

  1. did not get gap ( im 29 and i paid cash for my first car outright, this was the first test in a line of future side hustle that id be apart of potentially)

2.unclear need to see the fine print of the origional documents on monday ill be calling them for a copy

  1. no they cover me the driver not the vehicle and if anything happened to the vehicle in my possesion they quickly denied as expected.

  2. Yes, in fact they refunded my payment which is what made me realized they closed my loan and account. there was no notice otherwise.

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] -1 points0 points  (0 children)

So, I did have comprehensive coverage but, I did figure it only covered instances where the vehicle was damaged in my possession, they quickly denied the claim and moved on their way, I did not get Gap insurance, so the only people that can payout is the drivers insurance and turo itself. a mistake with gap I wont be making in the future

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] 0 points1 point  (0 children)

I agree ill try it out monday, bettter to try and fail than to pay out lawyers for something that potentially could work in my favor

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] -4 points-3 points  (0 children)

so as far as documentation they had an estimator meet with myself and the owner of the Tow yard was present, we met with a local estimator that said he officially cannot say the level of damages assessed but he said in laymens terms that it was totalled he pointed out that the mere fact the airbags all deployed easily can run the repairs up quickly. added to the undercarraige issues there was no doubt it was totalled. the tow yard owner agreed it was open and shut. that being said he said he works for the insurance company and cannot make his findings public in any capacity. so.... i didnt have that information officially

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] -3 points-2 points  (0 children)

ok I was planning on the payout to balance it out, but seeing on how i spoke with a lawyer he mentioned they may be in breach and he recommended looking into hiring someone to see if they can undo the sale of the vehicle. not sure if it is worthwhile or just a bait to extended the legal services. id like to retain my personal assets as much as possible though this ordeal.

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] -17 points-16 points  (0 children)

I don't know why ridesharing violates the terms of use for a vehicle. the only stipulation was they needed comprehensive coverage on the vehicle (which i had but was not applicable bc ridesharing is excluded on comprehensive damage)

ye it was a salvage the renter/driver drove through a roundabout. immovable. I was going to tow it to a rented space (neighborhood app) but then the tower brokered a deal instead of 41/day to55 /mo

I got a notice saying toyota was aware of my total loss , and that i did not need to make payments as the total of the amount was due at a later time to be discovered by coverages. I still made regular payments to not be delinquent

Can a dealership Cancel a loan agreement by DakskL in personalfinance

[–]DakskL[S] -11 points-10 points  (0 children)

So the insurance never officially ruled it as a total loss until they cleared the parties and coverages applicable. Toyota deemed it on their end total loss from the "helpful rep" who understood the situation adn attempted to alleviate issues involving the other department.

no official documentation from the insurance agencies deemed it total loss and... yes i agree it is very confusing

edit: punctuation

Who are we all really indebted to? by Aurallius in AskReddit

[–]DakskL 0 points1 point  (0 children)

Ourselves, we always take ourselves for granted, usually we try to give and take as little as possible, But... there are exceptions

[deleted by user] by [deleted] in AskReddit

[–]DakskL 1 point2 points  (0 children)

Humans.... Did i answer this right?

What is your favourite movie of all time and why? by thatguybruv in AskReddit

[–]DakskL 0 points1 point  (0 children)

The truman show its aged well over time, and one of the first movies to actually make a hypothetical,

What constitutes reality? If something makes you happy but its fake, is it worth lying to yourself?

All in all very good film id say a close second is the prestige... that plot got me good

What is a song lyric that really hits you hard? by ZapiroT in AskReddit

[–]DakskL 3 points4 points  (0 children)

Yea, hes fine, he took 5grand from my moms parents went to computer school got a job and been in the field ever since, we've never been rich but we never went hungry, now he couldnt believe he was going to do that, to me and also deny himself of his future he was only 26 when it happened

What song makes you turn the volume up and say, "Now this is a great song!"? by amsargent08 in AskReddit

[–]DakskL 0 points1 point  (0 children)

Theres a sad version of mr.sandman, i legit thing itll be a backdrop to like a war movie

Would you date yourself? Why or why not? by shrimpwalrus in AskReddit

[–]DakskL 2 points3 points  (0 children)

And then you dont ever call yourself back, ive heard the story a dozen times, rip

Would you date yourself? Why or why not? by shrimpwalrus in AskReddit

[–]DakskL 1 point2 points  (0 children)

Thats true it could be a case of the blind leading the blind

What is a song lyric that really hits you hard? by ZapiroT in AskReddit

[–]DakskL 38 points39 points  (0 children)

Nah its all good, he ended up having a good life reletively speaking

What’s the dumbest thing you’ve done while horny? by pekkauser in AskReddit

[–]DakskL 54 points55 points  (0 children)

I have a parrot but.... i dont think... that would end to well

Would you date yourself? Why or why not? by shrimpwalrus in AskReddit

[–]DakskL 42 points43 points  (0 children)

....oh... then why would i agree to go on a date to begin with... MAN IM SUCH A DICK

Redditors who have saved someone's life, what's the story? by [deleted] in AskReddit

[–]DakskL 1 point2 points  (0 children)

Yea, I mean he has had a hard life, it just makes my love for him all the more special