Totaled Mustang need some input

[krahooligan]

It might be too soon to ask, but do any of you with totaled cars want to sell me or trade me the Dash trim? i am looking for the trim with the two A/C vents and two gauges.

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[Ultrakla$$ic]

 

[Old 5 Oh]

As mentioned earlier gap will cover what insurance doesnt. My first truck I bought that wasn't junk I ended up rolling down the highway with a trailer and a 64 ford wagon behind it . luckily I had gap and after that will never be without it on a vehicle I owe on.

No, gap covers the difference between the payoff and your loan balance, that's all. So you don't end up owing money on a wrecked car. If you put down a decent down payment, you will not be upside down, and gap is worthless.

 

[Ecoboosted]

No, gap covers the difference between the payoff and your loan balance, that's all. So you don't end up owing money on a wrecked car. If you put down a decent down payment, you will not be upside down, and gap is worthless.

+1 I put a big deposit down on my stang so no need for gap insurance for me.

 

[ktapia]

+1 I put a big deposit down on my stang so no need for gap insurance for me.

+2!

But to OP,

I'm glad everyone is okay. Definitely "you live, you learn"
Good luck with everything!

 

[Spartan_Stang]

Sorry to hear/see that.. no one likes to see an accident. Glad to see everyone is doing well, that's the most important part, cars can be replaced and maybe even improved here's to hoping right ;)

 

[TXREDNECK]

Gotcha don't guess I ever thought about it that way. Was just glad I didn't owe money on a totaled vehicle

That is why I responded with this statement. Up until recently I have never been able to put big down payments down so really never think about others loosing large sums of money in initial investment.

 

[xfyre101]

For getting airborne, hitting a pole that's a surprising little amount of damage...goes to show this car is pretty good in the face of accidents

 

[Spartan]

Can you google maps us the location of where you went airborne...I wanna see this road/bridge....sounds crazy.

 

[Texican1911]

In reference to the "state minimums are too low" comment, anyone that goes with state minimum on car is insane. In Texas the minimums are $30k bodily injury up to $60k max per accident and $25k property damage per accident. Think about that. $25k in property damage. Say you t-bone a new 2016 GT premium. $25k will leave you PERSONALLY on the hook for the rest. How many cars do you pass just driving to the Stop n Rob that are worth significantly more? Don't even think of a multi-car accident that is your fault.

 

[Old 5 Oh]

For getting airborne, hitting a pole that's a surprising little amount of damage...goes to show this car is pretty good in the face of accidents

I agree, I don't SEE enough to total it, not nearly. (It'll buff out with a little color sanding, right?)

The General Lee thing must have done a good deal of damage to the unibody and undercarriage that's not obvious in the pictures.

 

[PRG3k]

In reference to the "state minimums are too low" comment, anyone that goes with state minimum on car is insane. In Texas the minimums are $30k bodily injury up to $60k max per accident and $25k property damage per accident. Think about that. $25k in property damage. Say you t-bone a new 2016 GT premium. $25k will leave you PERSONALLY on the hook for the rest. How many cars do you pass just driving to the Stop n Rob that are worth significantly more? Don't even think of a multi-car accident that is your fault.

Yes. The property damage is only part of it. Personal injury is even crazier just an ambulance ride to the hospital is close to $1000. A few hours in the emergency room with some tests, a few grand. If it's a more serious accident with broken bones, god only knows. Just one accident involving a few people can easily destroy your life if your minimums are too low.

ALMOST learned that the hard way. Now I don't have a limit below $100,000 for anything. And the six-month premiums are not even that much more for all that coverage.


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[ForTehNguyen]

just another tip is if you dont put a large down payment on a loan, get GAP insurance from your insurer to cover the underwater portion. It is really cheap $14/6 month. Keep it until your cars value is >= loan payoff

 

[Tamadrummer88]

just another tip is if you dont put a large down payment on a loan, get GAP insurance from your insurer to cover the underwater portion. It is really cheap $14/6 month. Keep it until your cars value is >= loan payoff

This. If you know you may be upside down on your loan, even if you know you can get rid of that negative in a certain period of time, get GAP anyway. If you get into an accident and don't have enough to cover the rest of the loan, you're screwed. Just play it safe. My GAP only added another $10/month to my loan. Well worth the peace of mind.

 

[GT Pony]

Man all the pictures of totaled Mustangs makes me sad. Hopefully everyone walk away with minimal pain and no permanent damage or scars.

+1 on that ... but man, let's keep those crashes away to help keep insurance low on these machines. :doh:

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