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If your financed car was totaled is there any way you can keep it and fix it? |
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Answer
When you retain an totalled vehicle, you receive a little less in your settlement amount. If this amount is enough to pay off your vehicle, you can keep it, but you will not receive your part of the settlement, if any, until after you have the title & it is released from the finance company. Also, the state regulations on retention of total loss vehicles needs to be checked.
First answer by anonymous. Last edit by anonymous. Question popularity: 37 [recommend question]
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