06-23-2018, 08:22 PM
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#19
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Major General
Drives: BMW
Join Date: Aug 2007
Location: 49417 and 60610
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Quote:
Originally Posted by ted8715
None, you paid the depreciation up front. Or, said another way, a bit of each payment was paid up front, thus lowering each monthly payment. If there was equity in the car (I.e. the insurance payout is more than what is owed on the contract) then you might get some money back, but it’s unlikely.
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Exactly!
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