Quote:
Originally Posted by SpeedyDad
I put $75k down and financed $45k @ 3.5%
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Question about financing a car, so for the owner who puts down $75K, what happens if your car is totaled shortly after you get it? Does the insurance company give you another $75K to finance a new car? Or is that money gone? Curious, I don't know how car loans work when there's a total loss of the vehicle.