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My good friend was letting her...."youthful" friend drive her car a couple hundred miles because it got better gas mileage than his Camaro.
Why she did this, I will never understand. He has a history of driving reckless and totaling cars and motorcycles. Be that as it may, the facts are here, because she isn't very world savvy either and I want to help her get the best resolution possible. This will have a significant impact on her life.
She bought the car for $17k with a $8,000 down payment. She can not afford the monthly payments, and has had to have help each month with rent or something.
She has full coverage insurance.
She purchased the car 8 months ago.
The driver, her friend, was speeding and I believe at fault. He rec over three tickets from police after the accident.
He isn't covered for her car, but I was told in my state as long as the vehicle is covered that is what counts?
It's definitely a total loss. What can she expect? Miss this the kind of thing that happens all the time and the insurance will pay her a check pretty close to what she payed on the car plus what she owes and she will break even?
Is there anything I can do to help her? Or is there anything she should be doing to help herself?
Insurance will pay what the car is worth. If the car is worth less then what she owes, she is responsible for the difference, unless she has GAP coverage.
Then she can sue the 'friend' for the shortfall (difference between what insurance pays and what she owes). Doesn't mean she get anything, though.
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