What is gap insurance on an auto loan?

A majority of car buyers will finance their purchase. Since a car purchase is one of the bigger purchases that you’ll make in your life, aside from buying a home, it’s important that you understand how your loan works. Not only should you compare interest rates and dealership promotions, you should also take time out…

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How do insurance companies value totaled cars?

Anything from a collision to a fender bender can result in a total loss claim. Even what may not appear to be a big issue can lead to a totaled car – minor body damage can hide major mechanical issues. Finding out your vehicle is a total loss can be shocking if you don’t fully…

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What does the insurance company do with my totaled car?

When you think of a total loss, you probably picture a major wreck where a two-ton piece of machinery is crushed like a tin can. In actuality, even a minor claim for something like a low-speed fender bender can turn into a total loss declaration if the value of the vehicle is low. That’s why…

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