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hk20000 · 07-15-2010, 08:46 AM

there are a few things that could happen....but somebody's gonna get a hurt real bad.

If he has full coverage + new car replacement option then:
1. get epic dinged for premium
2. get reimbursed toward another Lancer, less the amount still owing, which he continues to pay Mitsubishi's financial institute.

If he has only full coverage then:
1. get less epic dinged for premium for at-fault accident
2. Gets the car repaired if it can be done at under 85%(?) of market value of the car
if not,
2. Get a check paid out to the market value of the Lancer, pay the remaining sum owing to Mitsubishi's financial institute. The difference between the payout and Mitsubishi's remaining terms is then out of your friend's pocket.

If he has 3rd party coverage only then:
1. get dinged for premium anyway
2. gets nothing at all for the heap, and he'd either pay out of his pocket to repair the car, or scrap it. Either way he will have to honor the purchase agreement he made with Mitsubishi.

07-15-2010, 08:46 AM	#2
hk20000 RS.net, helping ugly ppl have sex since 2001 Join Date: Mar 2004 Location: Richmond Posts: 8,645 Thanked 1,357 Times in 508 Posts Failed 229 Times in 105 Posts Member's Picture Albums	there are a few things that could happen....but somebody's gonna get a hurt real bad. If he has full coverage + new car replacement option then: 1. get epic dinged for premium 2. get reimbursed toward another Lancer, less the amount still owing, which he continues to pay Mitsubishi's financial institute. If he has only full coverage then: 1. get less epic dinged for premium for at-fault accident 2. Gets the car repaired if it can be done at under 85%(?) of market value of the car if not, 2. Get a check paid out to the market value of the Lancer, pay the remaining sum owing to Mitsubishi's financial institute. The difference between the payout and Mitsubishi's remaining terms is then out of your friend's pocket. If he has 3rd party coverage only then: 1. get dinged for premium anyway 2. gets nothing at all for the heap, and he'd either pay out of his pocket to repair the car, or scrap it. Either way he will have to honor the purchase agreement he made with Mitsubishi. __________________ ⇐ If I bothered replying, that's the face I made while I typed. 2017 Alfa Romeo Giula Q4 1999 Nissan Stagea 260RS 1 of 748 1998 Nissan Laurel Medallion Club S drift boi 1991 Lexus LS400 mint boi 1989 Nissan S-Cargo cute boi Last edited by hk20000; 07-15-2010 at 08:53 AM.