WOOOHOOOO Good news good news

Coupe Devil · 03-12-2003, 08:35 PM

Got my truck paid for enough that I dont have to have full coverage any longer. I had the truck advertised because I couldnt afford the ins. ( dont ask why ). But I got the loan payment down enough now that the ins goes to liability and I GET TO KEEP THE TRUCK WOOOOHOOOOOO

Bradley

lx5091 · 03-12-2003, 08:57 PM

nice truck....but aren't you worried about coverage? what if you get into an accident and because of a technicality it's called your fault.....it would be a loss to you without any coverage. You'd still owe on the loan for something you didn't have. Not trying to jinx you or anything, just trying to be realistic. wouldn't want to hear that what I described above would actually happen.

Fox Body · 03-12-2003, 09:36 PM

Cool. Glad for ya, man. That is a REALLY nice truck.

LayanRubr · 03-12-2003, 09:47 PM

That truck is great looking, the body style I want next for a work truck.

Coupe Devil · 03-12-2003, 11:47 PM

Quote:

Originally posted by lx5091
nice truck....but aren't you worried about coverage? what if you get into an accident and because of a technicality it's called your fault.....it would be a loss to you without any coverage. You'd still owe on the loan for something you didn't have. Not trying to jinx you or anything, just trying to be realistic. wouldn't want to hear that what I described above would actually happen.

Well true I am kinda worried about worried about a wreck.. but my insurance stil lcovers the other drivers and unless the wreck totals the truck I have the know how and resorces to fix my truck cheap. When I wrecked my mustang my fault, only on involved. I had to just eat it. .that one cost me bout 5 grand outta pocket.. Ive slowed down considerably since then.

Bradley

Crazy Horse GT · 03-12-2003, 11:50 PM

cool brad, i knew you didnt want to sell your truck, great man.

302 LX Eric · 03-13-2003, 09:03 AM

Don't forget to have 'loan lease gap' coverage added to your policy. Basically, loan lease gap coverage will cover the negative difference of FMV as compared to your loan amount. (i.e. You total the truck and the insurance co. said the truck's FMV was $8,000, yet you still owe $10,000 on your loan. In this situation, the insurance company will pay the differential [$2,000] and the FMV [$8,000].) It's very cheap to add this provision to most any policy and comes in handy in situations like this.

E

Coupe Devil · 03-13-2003, 11:02 AM

Thats a good idea but the truck is worth $7xxx and I owe just over $2xxx now so im not gonan worry about that..

Bradley

MissBlondie · 03-14-2003, 05:49 PM

Quote:

Originally posted by Coupe Devil
Thats a good idea but the truck is worth $7xxx and I owe just over $2xxx now so im not gonan worry about that..

Bradley

Yeah, for you Bradley! I know that takes a huge weight off your shoulders.

03-12-2003, 08:35 PM	#1
Coupe Devil Moderator Join Date: Mar 2001 Location: Myrtle Beach SC Posts: 1,643	WOOOHOOOO Good news good news Got my truck paid for enough that I dont have to have full coverage any longer. I had the truck advertised because I couldnt afford the ins. ( dont ask why ). But I got the loan payment down enough now that the ins goes to liability and I GET TO KEEP THE TRUCK WOOOOHOOOOOO Bradley __________________ 1990 GT, 347, TFS TW Heads, TFS Cam, TFS Track heat, Twin turbos, FMIC, T5. Built Ford Tough Moderator

03-12-2003, 08:57 PM	#2
lx5091 Registered Member Join Date: Nov 2001 Location: Fall River, MA Posts: 467	nice truck....but aren't you worried about coverage? what if you get into an accident and because of a technicality it's called your fault.....it would be a loss to you without any coverage. You'd still owe on the loan for something you didn't have. Not trying to jinx you or anything, just trying to be realistic. wouldn't want to hear that what I described above would actually happen. __________________ '02 Explorer XLT 4.0L --Nice Vehicle '97 Saturn SL1--Soon to be ditched for a Ford!

03-12-2003, 09:36 PM	#3
Fox Body Mustang Maniac Join Date: Sep 2000 Location: GA, U.S.A Posts: 2,266	Cool. Glad for ya, man. That is a REALLY nice truck. __________________ 351W-powered 1979 Ford Mustang Ghia notchback '79 Video @ Idle Stock 5.8L under 4" cowl 'glass hood, C4 w/ Transgo shift kit, Holley 750 cfm, Edelbrock Performer RPM intake; Fluidyne Al radiator, Flexalite 175 electric fan, 1 5/8" MAC shorty headers, FRPP Al driveshaft; S&W 6-point cage; 2.5" Off road H-pipe, 2-chamber Flowmasters, 8.8" Rear w/ 3.55s; Weld wheels (15x6;15x8), Front: 225/60/15, Rear: 275/50/15 Nitto NT 555R Drag Radials; 14 x 4” K&N X-stream air filter. '92 GT (5-speed) Small In Car Video Stock 5.0L, 2-chamber Flowmasters, MAC CAI, Tri-Ax, Al pedals... "Red, thou art my companion. Hasten now your quickened metamorphosis to Green that I may conquer all who dare abide there beside me. May they be left thither behind burnt black." ---Fox Body

03-12-2003, 09:47 PM	#4
LayanRubr Registered Member Join Date: Feb 2002 Location: Aggieland, Texas Posts: 297	That truck is great looking, the body style I want next for a work truck. __________________ 87 Mustang 5.0 (308) Notchback - The Blue Baron Rice Hater's Club member #20

03-12-2003, 11:50 PM	#6
Crazy Horse GT Registered Member Join Date: Aug 2001 Location: Sale Creek, TN. C. S. A. Posts: 4,652	cool brad, i knew you didnt want to sell your truck, great man. __________________ 95 gt vert, lot's of stuff, it aint slow. 04 sonic blue v - six my beater 89 rs camaro iroc turbo hood, other stuff, my wifes ride 84 lx stang cammed up 289 hi po, etc 65 falcon, maybe by the year 2020. black 00gt, gone but never forgotten. R H C- member # 1 o.b.c. da prez- member # 1 if your under 40 dont ask. goodbye for now odie,r.i.p. 11-27-03

03-13-2003, 09:03 AM	#7
302 LX Eric or '331 LX Eric' Join Date: Jan 1999 Location: Columbus, Ohio Posts: 2,142	Don't forget to have 'loan lease gap' coverage added to your policy. Basically, loan lease gap coverage will cover the negative difference of FMV as compared to your loan amount. (i.e. You total the truck and the insurance co. said the truck's FMV was $8,000, yet you still owe $10,000 on your loan. In this situation, the insurance company will pay the differential [$2,000] and the FMV [$8,000].) It's very cheap to add this provision to most any policy and comes in handy in situations like this. E __________________ 1991 5.0 LX Coupe - 40,750 miles 331 cu. in. / Tremec 3550 / BFG Drag Radials 12.22 @ 114.31 mph - w/1.89 60'

03-13-2003, 11:02 AM	#8
Coupe Devil Moderator Join Date: Mar 2001 Location: Myrtle Beach SC Posts: 1,643	Thats a good idea but the truck is worth $7xxx and I owe just over $2xxx now so im not gonan worry about that.. Bradley __________________ 1990 GT, 347, TFS TW Heads, TFS Cam, TFS Track heat, Twin turbos, FMIC, T5. Built Ford Tough Moderator

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