Hi everyone great forum.
I have a question that I didn't really understand from my agent at Progressive. So I have a car loan that I'm really upside down on (I owe more money than it's worth) my car isn't even worth half of it. My car is from a car brand that is now defunct and the car is high mileage. So if my car were to get totaled out in an accident what would happen to my car loan? They'll only cover 25% of the worth so that means they'll only cover the car and I have to pay the rest of the loan with no car? Would gap insurance be a good idea from my bank that I'm financing my car thro
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I have a question that I didn't really understand from my agent at Progressive. So I have a car loan that I'm really upside down on (I owe more money than it's worth) my car isn't even worth half of it. My car is from a car brand that is now defunct and the car is high mileage. So if my car were to get totaled out in an accident what would happen to my car loan? They'll only cover 25% of the worth so that means they'll only cover the car and I have to pay the rest of the loan with no car? Would gap insurance be a good idea from my bank that I'm financing my car thro
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