If you owe more money on the loan for the car than the fair market value of the car, you are

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What if I am upside down on the loan for my car?

 

A: If you owe more money on the loan for the car than the fair market value of the car, you are "upside down" on the loan. Unfortunately, if your vehicle is a total loss, the insurance company is not required to pay more money to you simply because you are "upside down" with your car loan. They are only obligated to pay the "fair market value" of your car.


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10655 NE 4th Street
Suite 208
Bellevue, WA 98004
Phone: (425) 289-1990
Fax: (425) 289-1991
Toll Free: (800) 636-3676
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3848 S. Junett
Tacoma, WA 98409
Phone: (253) 682-2000
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Bellevue
10655 NE 4th Street
Suite 208
Bellevue, WA 98004
Phone: (425) 289-1990
Fax: (425) 289-1991
Toll Free: (800) 636-3676

Tacoma
3848 S. Junett
Tacoma, WA 98409
Phone: (253) 682-2000
Toll Free: (800) 636-3676

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