Originally Posted by CoRDiTe
If its a brand new Hummer 05 like you say. im guessing who purchased the car was an idiot and didnt decide to invest in Full coverage insurance so incase of an accident the Insurance company would cover the repair bill except for a deductable ????? If I was to purchase a brand new car. especially something worth 50k I'd have that baby insured from the tires all the way up to the antenna. id even have the car floor mats insured. LOL you get my point.
This Hummer did have full coverage, the insured didn't want the vehicle anymore, they had GAP insurance, so they told the insurance company that they didn't want the vehicle anymore, because it wasn't new, and it would never be the same. Insurance paid of the loan, and sells it back, they will make more money keeping it a clean title, and selling it like this than they would salvaging it out. The car came from NC, and when it comes here, it will have to go to DMV, and do a VIN verification just like any other vehicle coming from out of state.