2007 Yaris hatchback wrecked...odds of it getting totaled? Details inside

[Bob_VT]

DId you have the GAP? Was it paid for? Are you going to suffer any loss?

Consider a "substitution of collateral" ask your dealer about that and it is a win-win when a car gets totaled.

[Josh_G]

Originally Posted by Bob_VT

DId you have the GAP? Was it paid for? Are you going to suffer any loss?

Consider a "substitution of collateral" ask your dealer about that and it is a win-win when a car gets totaled.

I had GAP insurance, but I only owed about $5K so it really didn't come into play, I always make it policy to pay off new cars in 2 years or less.

I have been working with the dealer, never heard of that "substitution of collateral" deal, is that something like where the dealer takes your totaled vehicle as a trade? I'm trying to work something along though lines, just where the dealer forgives my $5k owed since I am getting a new car, but I think of that as a best case request.


In other news, I am cleaning the Yaris out this coming weekend (20th-21st) so most likely on the 22nd I will have a few pictures of the damage if anyone would be interested in seeing it.

[Josh_G]

Originally Posted by Bob_VT

Consider a "substitution of collateral" ask your dealer about that and it is a win-win when a car gets totaled.

Boy that is a magic phrase, I mention that and get the General Manager of the dealership on the phone in like 5 seconds, he says he wants to do whatever it takes to get us back into a Toyota. So we have an appointment on Saturday to meet with him about it. Awesome. I don't know how it will end up, but so far thanks, Bob_VT!