Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-11-2013, 12:09 PM
 
27,623 posts, read 21,136,796 times
Reputation: 11095

Advertisements

Quote:
Despite leaving the scene of an accident, Zuckerman was not fined and did not receive a ticket. When Peele contacted Bedford Insurance Brokerage, Zuckerman's insurance agency, they offered her the book value of the car wrecked car: $13,055. Peele explained she still had $17,700 left to pay on the car. They've gone back and forth, but the bottom line is that Peele doesn't have enough money to put down on a new car.

Billionaire Publisher Allegedly Totals Single Mom's Car
What an upstanding guy!
Reply With Quote Quick reply to this message

 
Old 09-11-2013, 12:23 PM
 
24,421 posts, read 23,080,421 times
Reputation: 15029
Fusions crumple pretty easily so I'm not surprised he was able to drive away even having done that much damage to hers. The guy's a POS if he doesn't fork over enough to buy her a new car.
Reply With Quote Quick reply to this message
 
Old 09-11-2013, 12:24 PM
 
Location: Texas
1,922 posts, read 2,779,636 times
Reputation: 954
Quote:
Originally Posted by sickofnyc View Post
What an upstanding guy!

This dude could have done the right thing, especially with his resources. I'd file him under 'jerk' status.



That Fusion she owned is no newer than a 2009 model, and might be older. She owes 17,700 on a car that is at least 4 years old, and brand new cost about 25 grand? She definitely overpaid, or is doing some creative financing, and now she is paying the price.
Reply With Quote Quick reply to this message
 
Old 09-11-2013, 12:29 PM
 
Location: Maryland
7,814 posts, read 6,395,954 times
Reputation: 9975
That is a hit and run here in Suffolk County. You'd think he would at least bribe the woman to not report it.
Reply With Quote Quick reply to this message
 
Old 09-11-2013, 12:55 PM
 
Location: Barrington
63,919 posts, read 46,765,593 times
Reputation: 20674
Interesting that Zuckerman left the scene of the accident and was not issued a ticket or a fine.
I wonder why he left without calling the Police and reporting it. Did he perceive his time more valuable than the law or was he drunk/high?

Fortunately for this woman, Zuckerman will likely take care of business and avoid further attention.

I know car leases automatically include GAP insurance for the difference between book value and outstanding amount of the lease. People who finance the majority of their car or roll prior car debt into the new loan should buy GAP insurance for the difference between book value and outstanding loan balance. I DK how this works when it's a third party claim, like this one.
Reply With Quote Quick reply to this message
 
Old 09-11-2013, 12:56 PM
 
Location: Barrington
63,919 posts, read 46,765,593 times
Reputation: 20674
Quote:
Originally Posted by fordlover View Post
This dude could have done the right thing, especially with his resources. I'd file him under 'jerk' status.



That Fusion she owned is no newer than a 2009 model, and might be older. She owes 17,700 on a car that is at least 4 years old, and brand new cost about 25 grand? She definitely overpaid, or is doing some creative financing, and now she is paying the price.
I am thinking she might have rolled prior auto debt into the new loan.
Reply With Quote Quick reply to this message
 
Old 09-11-2013, 01:03 PM
 
78,444 posts, read 60,640,522 times
Reputation: 49745
Quote:
Originally Posted by middle-aged mom View Post
I am thinking she might have rolled prior auto debt into the new loan.
Yeah, this is called Loan to Value ratio in the industry and you can typically get financing for up to about 150% of the vehicles MSRP.
Reply With Quote Quick reply to this message
 
Old 09-11-2013, 01:56 PM
 
22,768 posts, read 30,745,293 times
Reputation: 14745
having been the 'victim' of two hit-and-runs, in both cases the police found the person, and in neither case did they prosecute him.

they were poor, btw. so i don't know if i can chalk this up to him being a billionaire.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6. The time now is 09:19 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top