My sister totaled her car she wants to buy it back and conti

by krallen4020 » Thu Mar 03, 2011 12:22 am

My sister owes more on her car than what its worth so she wants to buy back the car and use the insurance money to fix and continue to make payments on the car.

Total Comments: 1

Posted: Thu Mar 03, 2011 12:56 am Post Subject:

Her lien holder would need to agree to this... which they probably would not. This is because the carrier would then pay even less (offer less salvage value) to the lien holder. Why would the lien holder want to give up this money _and_ their collateral?

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